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pixabay.com of products manufactured in Canada, as measured by the
Industrial Product Price Index (IPPI), increased 0.6 percent
month over month in November 2024 and rose 2.2 percent
on a yearly basis.

Prices of raw materials purchased by manufacturers
operating in Canada, as measured by the Raw Materials
Price Index (RMPI), declined 0.5 percent month over month
in November 2024 and increased two percent year over year.
Softwood lumber producer prices in Canada jumped 12.2
percent in November 2024, their largest monthly increase since
January 2022, driven by limited supply and increased demand.
Producer prices for lumber and wood products overall
increased 5.7 percent, with softwood lumber leading the

rise. This marks the fourth consecutive monthly increase in
softwood lumber prices, as demand in early November 2024
coincided with supply constraints in the industry. The IPPI’s
significant year-on-year increases: 17 percent for pine and 13 0.6 percent monthly increase followed a 1.2 percent rise in
percent for both spruce and birch. October 2024. Exchange rate movements also played a role,
November 2024’s real delivery pulpwood prices were as the Canadian dollar depreciated 1.6 percent against the
the highest ever recorded in monthly statistics since 1995, US dollar, influencing the prices of goods priced in US dollar.

reaching levels last seen in the early 1990s. Year-over-year, the IPPI grew 2.2 percent in November
In September 2024, the export value of the forest industry 2024. Softwood lumber prices were up 21.9 percent, while
amounted to €0.97 billion, which was two percent less than precious metals, including unwrought gold, silver, and platinum
last year’s monthly average in real terms (using Wholesale group metals, surged 32.5 percent, driven by economic and
Price Index, 1949=100). The export of sawn timber improved geopolitical uncertainties.
by 17 percent compared to the previous year’s average, while
the export value of the pulp and paper industry declined by Timber prices rose noticeably in Lithuania
six percent. Prices for industrial timber in Lithuania rose noticeably in
In September 2024, 0.43 million cubic metres of wood the third quarter of 2024 for the tree species pine and birch.

were imported to Finland, which is four percent more than the Spruce industrial timber, on the other hand, has become
monthly average of the previous year. The import of pulpwood slightly cheaper.
increased by 19 percent, and logs by as much as 35 percent Compared to the same period last year, all prices have
compared to last year’s monthly average. However, the import increased significantly, according to the data from Global
of chips decreased by two percent, and other wood imports Wood Trade Network.
plummeted by 49 percent. In the third quarter of 2024, pine log prices in Lithuania
increased again compared to the previous quarter, while the

Canadian softwood lumber producer prices increase price of spruce logs fell. Birch logs became more expensive
According to the latest report from Statistics Canada, prices compared to the previous quarter.