European economic uncertainty affects demand for sawn timber

Uutiset |

Sawn timber production totalled 5.7 million cubic metres in the first half of 2014, up 4% from the corresponding period of the previous year. Sawn timber exports were very buoyant, growing almost 9% from last year.

Demand in the Asian markets, which performed strongly last year, evened out. Europe’s uncertain economic situation had an eroding effect on sawn timber demand, while domestic demand was burdened by sluggish activity in the construction sector.

Plywood production came to about 600,000 cubic metres, up 9% from the previous year. The majority of this plywood is exported to Europe.