Press Release – Wood Resources International
The Global Sawlog Price Index rose 8% in the 4Q/20 as demand for logs was up in North America and Europe Both of the WRIs sawlog price indices (Global and European) jumped 8% q-o-q in the 4Q/20 as log prices increased worldwide. Demand for logs improved …
The Global Sawlog Price Index rose 8% in the 4Q/20 as demand for logs was up in North America and Europe
Both of the WRI’s sawlog price indices (Global and European) jumped 8% q-o-q in the 4Q/20 as log prices increased worldwide. Demand for logs improved when lumber consumption increased in the second half of 2020, particularly in the United States, the United Kingdom, South Korea, and the MENA region. In Europe, the lumber market was generally flat, with only minor changes in domestic demand. However, European countries with high levels of lumber exports to non-European countries were in luck. Record setting lumber prices in the US helped drive increased shipments to higher levels y-o-y than in the 4Q/20. These increases were observed in Germany, Sweden, Romania, and Austria.