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May 27, 2016

Continuous drop in Russian lumber shipments; export prices down 36%

Lumber exports from Russia have fallen for two consecutive quarters, with the 1Q/16 shipments being almost ten percent lower than in the 3Q/15. Most of the decline has been in shipments to the CIS countries, including Uzbekistan, Azerbaijan and Tajikistan, but trade with Egypt and some European countries were also down. Of the major trading partners, it was only Japan (+33%) and China (+10%) that increased their importation of Russian lumber. However, the first quarter shipments this year were higher than they were in the 1Q/15.

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