Description
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 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?
Table of 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
