War in Ukraine: impact on global wood markets and Russian forest based industry

The war in Ukraine dealt an unprecedented blow to the global timber markets. Russia, one of the world's largest suppliers of wood products, having invaded Ukraine, found itself under sanctions that cut it off from the main markets for wood products: the European Union, the U.S., and Japan.

The new out-of-the-box report, the War in Ukraine: Impact on Global Wood Markets, provides a detailed picture of how global wood markets changed in January-April 2022 and what impact the war had on the Russian forest based industry. 

Will the Russian forest based industry be able to survive the sanctions, what M&A deals can take place, which countries will take Russia's place in the global timber market, and will Russia ever be able to regain its position?

The report contains 118 pages.

CONTENTS

Executive Summary

First Impacts
     Russian forest based industry on the eve of the war
     The first impact of the sanctions
     State support for companies

Changes in Russian Forest Based Industry
     First trade restrictions
     Logging and log exports
     Lumber production
     Wood pellet production
     Wood panels production
          Chipboard
          Fiberboard
     Pulp and paper production

Big Exodus
     The future of what capacities and jobs is in question
     Mergers and acquisitions
     Investment projects

Changes in World Markets
     Wood raw materials
          Wood chips
          Logs
     Lumber
     Wood pellets
     Wood-based panels
          Plywood
          Veneer
          Fiberboard
          Chipboard
          OSB
     Wood pulp

Long-Term Impact
     Consequences for the forest based industry in Russia
     Lesprom Scanner survey
     Impact on global markets

Sanctions Timeline