War in Ukraine causing lingering effects in Nordic wood markets

The most significant change in trade flow in Europe over the past few years has been the dramatic decline in log imports to the Nordic countries from Russia. Russia’s war with Ukraine in early 2022 has caused a European halt on purchasing their exports. The total log import volume to Finland and Sweden was cut in half in 2022 compared to the previous decade average. Log trade in the Baltic Sea region has declined for two reasons: -Russia’s invasion of Ukraine -Investments in forest production capacity in the Baltic States The two largest ...