The Midyear Outlook notes strong demand but forecasts below-average rent growth and a modest increase in vacancy rates through 2024.
Prognosen
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The builders are concerned about the current high interest rate environment. An improving interest rate environment will help buyers as well as builders and developers who are contending with tight lending conditions and high interest rates.
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The world's second-largest economy is losing momentum due to a property slump, weak consumer spending, and rising trade tensions.
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Prices generally remain stable across most of the country.
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Exporters anticipate price increases for logs through July.
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Many factors suggest that the long-fiber market will continue to be structurally undersupplied.
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Valmet estimates that net sales in 2024 will remain at the previous year's level in comparison with 2023 (Euro 5,532 million) and Comparable EBITA in 2024 will increase in comparison with 2023 (Euro 619 million).
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Kemira's revenue is expected to be between Euro 2,800 million and Euro 3,200 million in 2024 (reported 2023 revenue: Euro 3,383.7 million).
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Inflation pressures eased to one of the lowest levels in over three years, but remained high by pre-pandemic standards.
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Stora Enso expects higher 2024 adjusted EBIT due to profit improvement actions and market conditions
Stora Enso has revised its full year 2024 adjusted EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of Euro 342 million.
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Lower lumber prices and decreased shipments contribute to reduced revenue.
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Looking ahead to the second quarter of 2024, company predicts a mild softening of timber prices as weather conditions improve and the availability of raw materials increases.
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The era of steep commodity price falls triggered by the pandemic and subsequent recovery phases seems to be concluding.
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Key contributors to the quarter's results included the UPM Paso de los Toros pulp mill, which operated at 83% of capacity, and the successful sale of the Steyrermühl site in Austria.
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At the end of 2023, the total plywood production capacity in China was about 205 million m3 per year.
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Ponsse's operating profit in Euro is estimated to be slightly weaker in 2024 than in 2023 (Euro 47.2).
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Government commits to building millions of homes by 2031, aiming to ensure affordable housing for all.
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Meanwhile, in the first two months of the year, lumber prices began to increase in the main export markets.