Sawlog prices fell in most of the major regions of the world in the 2Q 2020. A strengthening US dollar, weaker log demand early in the quarter, and sufficient log supply in some markets contributed to the lower prices, according to the Wood Resource Quarterly.
The Global Sawlog Price Index (GSPI) declined 4% quarter-on-quarter to its lowest level in over ten years. The European Sawlog Price Index (ESPI) has fallen 9.1% in the past year. The largest sawlog price decreases have occurred in Central Europe.
Global trade of softwood logs fell by approximately 15% year-over-year during the first half of 2020 as the consumption of lumber dropped throughout the world.