The Estonian wood market has experienced a significant decrease in prices for most wood assortments, except for birch logs and logs, which remain at their peak. This comes after a record-setting year for the market in 2020.
Softwood logs, as well as aspen and alder logs, have seen a stabilization in their price levels. However, the prices of pulpwood and firewood have fallen.
Despite a price drop at the end of 2020, softwood log prices have moderately increased in the first quarter of this year. Pine logs, in particular, have seen a 4.8% increase in price compared to the previous year.
The cause of this market shift can be attributed to a number of factors, including changes in supply and demand. As the COVID-19 pandemic continues to impact the global economy, the demand for wood products has decreased in some areas. Additionally, changes in government regulations and policies can also impact the market.
Despite these challenges, the Estonian wood market remains strong, with many companies continuing to invest in the industry. This includes the development of new technologies and innovations, as well as the expansion of existing businesses.
As the market continues to evolve, it will be important for companies to remain adaptable and responsive to changes in demand and pricing. By doing so, they can ensure their long-term success in this important industry.