Production and deliveries of Swedish wood products decreased slightly in 2023 compared to the previous year. However, future prospects in both the EU Single Market and in the US look good for the Swedish wood products industry.

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In April, prices for industrial roundwood rose across all categories in Finland. Spruce and pine log prices were slightly lower than last summer's peaks, while other species surpassed last year's highs, according to the Natural Resources Institute Finland (Luke).

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According to Global Wood Trade Network, Gabon is experiencing a rainy season, which is affecting the operation of timber factories in inland areas. During the rainy season, Gabonese veneer and plywood factories can continue to produce, but due to the impact of the rainy season, the inventory of logs has decreased, especially the inventory of Augustan logs, which has decreased significantly.

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Central Statistical Bureau data published on April 2 show that, compared to the first half of 2023, average purchase prices of both coniferous and deciduous roundwood reduced in the second half of 2023.

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According to fwi.co.uk, forestry interests continue to outcompete livestock producers for land, despite a slowdown in that market in recent months.

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According to timeturk.com, Türkiye's furniture exports quadrupled in the past six years, reaching $8 billion in 2023.

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According to statistics from the Academy of Industry Development and Planning under the National Forestry and Grassland Administration and the China Forestry Products Industry Association (CFPIA), both the number of enterprises and production capacity of China’s fibreboard industry continued to decline in 2023.

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According to Pelletpreis.ch, the Swiss pellet price in April 2024 is 13.7 per cent lower than a year ago, when it was CHF 516.60. The current average price is based on information from 26 suppliers.

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Vietnam has now become concerned with planting a large-sized timber forest to increase it’s wood export market. According to the professionals, certification of more than one million hectares of large-sized timber forest can be a passport for Vietnam’s wood processing industry to increase exports and reduce dependance on imported raw materials.

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Commercial forestry values could see some upward pressure in 2024, with levels of activity starting to pick up and some encouraging market signals.

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