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October 7, 2020

Forecast: Finland’s sawnwood to face falling exports and prices this year due to corona crisis

Demand for sawnwood has recovered since the beginning of the year, but this year Finnish exports will decrease sharply from the previous year. Finland's exports of sawnwood are limited by the uncertainty associated with the coronavirus, the increased supply of sawnwood in Europe due to the sawing of damaged wood, and the low price of crude oil.

The decrease in wood use and the increase in wood imports have slowed down the harvesting of wood in Finland. Timber trade and harvesting volumes will rise next year if forest industry exports recover. Changes in wood prices are smaller than changes in volume, so this year's slight decline will be followed by a slight increase next year. Gross stumpage earnings of private forest owners vary more sharply due to the combined effect of logging and prices.

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