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In 2018, overseas supply of softwood lumber to the US reached a 11-year high
Hakan Ekstrom
With forest product imports from the US deteriorating and American wood product exporters losing market shares in the Chinese market, imports from other countries, including Canada and Russia, have fallen less or even expanded the past year.
Hakan Ekstrom
With the tight wood fiber supply in the US South, wood chip and pulplog prices in the 1Q/19 reached their highest levels in almost seven years in both in the South Central and Southeastern states.
Hakan Ekstrom
Demand for imported pellets in Japan and South Korea continued a three-year growth trend to reach record highs in the 4Q/18.
Hakan Ekstrom
In late 2018, gross margins for sawmills in North America fell while they were fairly stable in Europe and Russia.
Hakan Ekstrom
Pulpmills in some of the major hardwood pulp-producing regions in the world, including China, Finland, Indonesia and Spain, have seen their fiber costs go up between 10-30% the past two years.
Håkan Ekström
New Zealand has increased its market share from 30% to 44% of the total softwood log imports to China in just three years. While Canada and Russia have reduced log shipments the past few years, other smaller log suppliers including Japan, Poland, Chile and South Africa have expanded shipments.
Hakan Ekstrom
US lumber prices have gone through a historical roller-coaster ride over the past 12 months, falling 33% from June 2018 to January 2018.
Hakan Ekstrom
The limited price improvements over the past few years, oversupply of pine pulplogs, and potentially more attractive land-use alternatives in the agricultural sector, have led some landowners in Brazil to choose to plant agricultural crops rather than trees
Hakan Ekstrom
A gloomier outlook by Chinese consumers and a shortage of credits for many provincial governments and state-run firms have contributed to reduced demand for forest products
Hakan Ekstrom
Shipments of hardwood chips from Australia, the second largest chip supplier to China, have also increased over the past year but at a much more modest pace than shipments from Vietnam.
Hakan Ekstrom
Wood chip prices in western Canada and western US have gone up 25% from 3Q/17 to 3Q/18, the biggest in crease in North America.
Hakan Ekstrom
The timber harvests on public lands in British Columbia are set to decline over the next decade and uncertainty surrounds log availability in the eastern provinces.
Håkan Ekström
Sawlog prices in Russia and Eastern Europe have fallen in 2018 following a year of increases.
Håkan Ekström
The Global Softwood Fiber Price Index fell in the 2Q/18 but was still almost 8% higher the in the 2Q/17.
Hakan Ekstrom
Chinese importers have gradually shifted their historical preference for logs away from the Russian Federation towards New Zealand and instead are importing softwood lumber from their forest-rich neighbor in the north.
Håkan Ekström
• Softwood lumber prices were substantially higher in North America, Europe and China in the 2Q/18 as compared to the same quarter in 2017.
Hakan Ekstrom
Gross margins for sawmills in the Nordic countries were close to the highest they have been in over four years in the 2Q/18, while they reached levels not seen in more than a decade in other parts of Europe
Håkan Ekström
Softwood and hardwood log imports to Sweden up 25% and 70%, respectively in early 2018 as compared to early 2017.
Hakan Ekstrom
The US Pellet Feedstock Price Index fell 3.0% from 1Q/17 to 1Q/18 because of lower usage of costly roundwood
Hakan Ekstrom
The Global Hardwood Fiber Price Index reached the highest level in three years in the 1Q/18
Hakan Ekstrom
It is expected that US softwood lumber supply sources will shift to meet future increase in US lumber demand. Factors influencing these shifts include changes in availability of timber supply, prices of sawlogs, competitiveness of lumber producers, exchange rates and developments in alternative markets for lumber producers in Canada and overseas.
Hakan Ekstrom
• After softwood lumber consumption in the US reached a ten-year high in 2017, demand fell in early 2018. Despite the reduced consumption, lumber production on the US west coast jumped by over nine percent y-o-y in the 1Q/18 thanks to strong demand for lumber from China during the past year.
Hakan Ekstrom
Tights fiber supply in British Columbia and the US Northwest pushed chip prices up over 12% in the 1Q/18
Håkan Ekström
Lumber imports from Russia to China has doubled the past five years, while North American supply has been in decline.
Hakan Ekstrom
Changes in availability of timber supply, prices of sawlogs, competitiveness of lumber producers are some factors that are likely to shift future lumber supply sources to meet higher demand in the US.
Hakan Ekstrom
By far the biggest sawlog price increases in Europe in 2017 (in Euro-terms), was in Eastern Europe, where demand for sawlogs increased as lumber production rose.
Hakan Ekstrom
Strong demand and tight supply of wood fiber in Sweden resulted in increased wood chip imports in late 2017
Hakan Ekstrom
The Global Softwood Fiber Price Index (SFPI) increased 4.0% during 2017 mainly because of higher pulpwood prices in Western North America, Europe, Russia and Australia
Hakan Ekstrom
US softwood lumber consumption likely to reach record high by 2030 resulting in higher imports from Europe and Latin America
Hakan Ekstrom
Global softwood lumber trade reached an all-time high in 2017 during the 1H/17 and lumber prices have continued to move upward in most men markets around the world.
Hakan Ekstrom
Changes in availability of timber resources and forecasted increases in wood raw-material costs for sawmills around the world are likely to impact the trade of softwood lumber to the US in the future.
Hakan Ekstrom
The Global Sawlog Price Index (GSPI) has gone up for three consecutive quarter to reach a three-year high in the 3Q/17
Hakan Ekstrom
The Russian sawmilling sector continues to add capacity in Siberia and the Far East, targeting the expanding demand for lumber in China. Just during the first eight months of this year, Russia increased shipments to China by 23% as compared to the same period in 2016. Although Russian lumber prices have not changed much in Ruble terms over the past two years, there has been a steady increase in export prices as measured in US dollars.
Hakan Ekstrom
The increased competition for small-diameter logs has resulted in a dwindling supply of traditional pulplogs normally available for pulpmills
Hakan Ekstrom
The biggest increases in chip supply to Japan and China year-over-year have been from Chile and Indonesia.
Hakan Ekstrom
With price premiums surging in the export market, Australia's log exports reach record levels in 2017.
Hakan Ekstrom
Production cost margin for sawmills in the US South increased during much of 2016 and 2017 and reached its second highest level in 13 years in the 2Q/17.
Hakan Ekstrom
Hakan Ekstrom
In Finland, Russian and Brazil log costs have gone up faster than lumber prices resulting in reduce profit margins the past 18 months.
Lumber prices in both the US and Canada have trended upward for almost two years and reached 13-year highs in July. One exception has been pine lumber prices in the US South, which have fallen the past few months to the lowest level seen in almost a year.
Hakan Ekstrom
Hakan Ekstrom
Wood fiber costs for Nordic pulp mills were at their lowest level in over ten year in early 2017
There are expectations that sawlog prices may continue to go up in the coming months because of improved opportunities for Brazilian exporters of lumber, plywood and value-added products.
Hakan Ekstrom
Lower log and sawdust prices in the US South have resulted in a 15% decline of the Pellet Feedstock Price Index since 2013
Hakan Ekstrom
Although lumber production in New Zealand has increased the past three years, export volumes have fallen 15%.
Hakan Ekstrom
Lumber shipments from New Zealand to the US have gone up 37% the past four years and can be expected to increase in the future.
Hakan Ekstrom
The wood cost is often the major factor determining a pulp mill's competitiveness. In 2016 and early 2017, these costs fell in the US, with prices for wood chips and pulplogs declining more in the West than in the South.
Hakan Ekstrom
Consumption of pellets in Japan and South Korea has increased quite rapidly the past four years because of new government requirements which favor reducing carbon emissions and increasing the usage of renewable energy.
Hakan Ekstrom
Prices for imported softwood lumber to China have been in a steady upward trend during 2016 and 2017 with the average import price in March 2017 being 13% higher than 18 months earlier.
Hakan Ekstrom
High import tariffs on Canadian softwood lumber will increase overseas imports but Canada will remain the largest and most important supplier of lumber to the US housing market
Hakan Ekstrom
High supply of sawmills chips in Quebec and Ontario may force lumber companies to export chips outside the country
Hakan Ekstrom
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ResourceWise Introduces WoodMarket Prices, a Global Wood Price Reporting and Business Analytics Platform

WoodMarket Prices provides insights and price data for global timber, lumber, pellets, and pulp markets.Wood Resources International (WRI), part of the ResourceWise portfolio, has launched WoodMarket Prices , a global price and trade reporting platform for the timber, wood products, and pulp & paper sectors. WoodMarket Prices is the digital successor to WRI’s flagship product, Wood Resources Quarterly, which was introduced in 1988 and used by international forest industry analysts in more than 30 countries.  The Platform  The WoodMarket

Softwood pulpwood saw higher price increases worldwide than hardwood pulpwood, resulting in the widest margin between the two fiber sources in 14 years

Softwood fiber costs were generally higher worldwide in the 2Q/21 than in the previous quarter despite an increase in the supply of residuals from sawmills in Europe and North America. Practically all regions covered by the WRQ experienced q-o-q prices increases in the range of 1-5%. The major exception was British Columbia, where wood chip prices were up by almost 20% because of tighter fiber supply and higher NBSK pulp prices. Over the past year, softwood fiber costs have gone up worldwide between 5% and 20%, except for in the US and Germany, where wood chip prices have fallen

Hardwood fiber costs for pulp mills worldwide increased modestly at the end of 2020 but were still substantially lower in many markets compared to late 2019

Increased demand for hardwood fiber in key pulp-producing countries and a weaker US dollar resulted in higher hardwood pulplogs prices in the 4Q/20. The Global Hardwood Fiber Price Index (HFPI) was up 1.4% from the 3Q/20 to the 4Q/20, the second q-o-q increase of the US dollar denoted Index from its 15-year low in the 2Q/20. Prices rose the most in Latin America and Indonesia, while the price gains were more modest in North America and Central Europe. Despite prices increases during the second half of 2020, hardwood pulplog costs were substantially lower in the 4Q/20 than in the 4Q/19 in

WRI’s global wood fiber price indices moved up in the 3Q/20, mainly driven by a weaker US dollar

In the 3Q/20, the Global Hardwood Fiber Price Index (HFPI) was up by 1.6% to $81.17/odmt, following a 16-year low in the previous quarter. The first q-o-q increase in almost two years was mainly driven by a weakening of the US dollar against currencies in all WRQ countries except Russia. Currencies in Europe and Oceania strengthened between 5-10% from the 2Q/20 to the 3Q/20. In the Nordic countries, hardwood prices in the 3Q/20 jumped 7% q-o-q (in US dollars) and were close to their highest levels in five years. Other countries that have seen price increases include Canada, Chile, France,

Wood Fiber Costs Declined for both Softwood and Hardwood Pulp Producers in 2019 and early 2020

Wood fiber costs fell for many hardwood pulp-producing countries worldwide in the 1Q/20. The biggest declines (in US dollar terms) were seen in the US South, Russia, and Latin America, where hardwood pulplog prices were down between 5 and 10 percent from the 4Q/19. In the US South, hardwood prices fell for the second consecutive quarter in the 1Q/20 after having reached an all-time high in the 2Q/19. The relatively steep decline took prices in the US South down to their lowest levels in almost three years. The major driver of declining pulplog prices was the reduction in log demand from

The Coronavirus Has Not Stopped the Global Trade of Forest Products

The Coronavirus Epidemic has negatively impacted the supply chains for numerous industry sectors worldwide the past few months. Many commodity products saw reduced trade during March and April, a result of reduced demand, closures of manufacturing facilities to protect workers, constraint in the handling capacity of goods at many ports, and widespread financial distress. However, one sector that has remained fairly strong during the initial period of the epidemic is the forest products industry.  Demand for toilet paper, face masks, disinfecting wipes, corrugated paper for cardboard

Wood fiber costs for softwood pulp manufacturers in 16 countries have gone up the past two years, and as a result, in the 1Q/19, the SFPI price index reached its highest level in five years

The Softwood Fiber Price Index (SFPI) has risen the past two years. In the 1Q/19, the Index reached its highest level since 2014, according to the Wood Resource Quarterly. Higher wood fiber costs in the US South, Russia and New Zealand contributed to most of the rise of the SFPI in late 2018 and early 2019. It is likely that the upward trend will come to a halt during the summer, and then start to decline in the second half of 2019.Seattle, USA.The cost of wood fiber for the world’s pulp industry has trended upward for over two years because of higher demand and a tightening regional supply

WRI’s wood fiber prices indices reached four-year highs in late 2018 as costs for wood chips and pulplogs moved upward in most regions aound the world

Global wood fiber prices have trended upward for much of the period 2014 to 2018, with wood costs going up the most for pulpmills in Western North America, Europe, Indonesia and China. Only pulpmills in Brazil and Eastern Canada have seen their wood costs go down during this period.Seattle, USA.Wood fiber costs ranged between 45% and 70% of the cash costs for the production of pulp around the world in the 4Q/18. The costs for wood chips and pulplogs were generally higher worldwide in 2018 than in 2017 with both the Softwood Fiber Price Index (SFPI)and the Hardwood Fiber Price Index (HFPI)

Wood fiber costs for the world’s pulp industry fell for the first time in over a year in the 2Q/18, with pulpwood prices declining the most in Brazil, Russia, Australia and Sweden

The two WRI global wood fiber prices indices fell slightly in the 2Q/18 after having increased for all of 2017 and early 2018. For most of the key pulp-producing regions, prices were down because of the strengthening US dollar, while prices in the domestic currencies generally have gone up the past year.Seattle, USA. In the 2Q/18, both of WRI’s global fiber price indices fell for the first time in five quarters, mainly because of the strengthening of the US dollar against currencies in all countries covered by the Wood Resource Quarterly. The 2Q/18 Global Softwood Fiber Price Index (SFPI)

Market pulp producers saw higher profits in 2018 as pulp prices jump to record high levels, while production costs increased only slightly

Pulp prices reached record highs in early 2018 following a 16-month period of increasing prices. Wood fiber costs, the largest cost component when manufacturing pulp, have gone up much more slowly than pulp prices during the past year, resulting in substantial increases in earnings for the international pulp industry.Seattle, USA.Strong pulp markets and record high prices for both softwood and hardwood market pulp resulted in upward price pressures on wood fiber throughout the world in the 1Q/18, reports the Wood Resource Quarterly (WRQ). The Global Softwood Fiber Price Index (SFPI)was up

Modest increases in wood fiber costs and a substantial rise in market pulp prices have improved profitability for pulp manufacturers worldwide

Pulp manufacturers in many countries have seen their wood fiber costs go up during 2017. In the 4Q/17, both the global softwood and hardwood fiber price indices reached their highest levels in over a year, according to the Wood Resource Quarterly. However, market pulp prices increased even faster, resulting in a period of increased earnings by the pulp industry.Seattle, USA. Pulp manufacturers in many countries have seen their wood fiber costs go up during 2017, with the biggest increases in US dollar terms occurring in Western North America, Europe, Russia and Australia, according to the

Hardwood pulpwood prices in Brazil, Indonesia, Australia and Chile increased during the fall, resulting in a 5.6% jump of the HFPI price index

Hardwood fiber prices have slowly turned around this year with the HFPI price index being up 5.6% from the 1Q/16 to the 3Q/16, according to the Wood Resource Quarterly. The softwood fiber price index SFPI fell in the 3Q/16 both because of lower costs in local currencies and a stronger US dollar.Seattle, USA. The two Global Wood Fiber Price Indices were close to parity in the 3Q/16. The Hardwood Wood Fiber Price Index (HFPI) has rebounded by 5.6% from the 1Q/16 when it reached an 11-year low. The biggest price increases this year have been in Brazil, Indonesia, Australia and Chile where

The global wood fiber prices indices continued down in the 1Q/16 with the softwood price index being at its lowest level since 2006, reports the WRQ

Both the HFPI and the SFPI price indices fell in the 1Q/16 with generally lower prices in Europe, Canada and Russia partly because of weakening currencies against the US Dollar, according to the Wood Resource Quarterly. For many countries, current prices are at their lowest levels in almost ten years.Seattle, USA. Wood costs for the pulp industry have been falling steadily worldwide for almost five years with hardwood fiber prices declining the most, according to the Wood Resource Quarterly (WRQ). The Hardwood Wood Fiber Price Index (HFPI) fell by 0.6% in the 1Q/16 mainly because of lower

Pulpwood costs have fallen substantially worldwide with the softwood and hardwood price indices being at their lowest levels in over ten years

The largest cost component when manufacturing wood pulp is the cost of wood fiber. This cost has declined substantially in US dollar terms the past few years with the Global Price Indices being down almost ten percent in 12 months, according to the Wood Resource Quarterly.Seattle, USA. Wood cost is the factor that often determines the competitiveness of a pulp manufacturing plant or region, because it is the largest cost component when producing wood pulp. During the past few years, this cost has varied between 45% and 70% of the total cash cost, depending on product grade and the costs of

Wood costs for hardwood pulp-producing mills have declined in 2014, while softwood pulp manufacturers have seen stable costs

Reduced pulpwood prices in Sweden, Russia, Brazil and Australia in the 3Q/14 resulted in the lowest Hardwood Fiber Price Index (HFPI) since 2009, according to the Wood Resource Quarterly. With mixed price trends for softwood fiber, the Softwood Fiber Price Index (SFPI) has been fairly stable the past two years.Seattle, USA. The costs of hardwood fiber for the manufacturing of pulp have trended downward for over three years. The global Hardwood Fiber Price Index (HFPI), which tracks prices for pulplogs and wood chips in 14 regions around the world, reached its lowest level since 2009 in the

Revival of softwood fiber-based forest industry in the Nordic countries with investments of 3 billion dollars in pulp, bio energy and bio-materials

Forest companies in Northern Europe have announced plans to investment three billion dollars in 2014 in attempt to move beyond mostly producing newsprint and commodity packaging grades. The idea is to diversify their product lines to include new bio-products from wood fiber and to generate bioenergy to reduce the region’s dependence on fossil fuels, reports the Wood Resource Quarterly.Seattle, USA. The pulp and paper industry in the Nordic countries has started to see a new dawn with a growing demand for pulp and paper products made from long wood fiber from the vast conifer forests in

Wood costs for the hardwood pulp producers have fallen worldwide the past three years, while softwood fiber costs have remained fairly stable

Manufacturers of hardwood pulp have seen their wood fiber costs decline the past three years from a record high in 2011, according to the Wood Resource Quarterly. In contrast, producers of softwood pulp have had fairly stable fiber costs with the SFPI index hovering around $100/odmt the past two years (2012-2014).Seattle, USA. Wood fiber costs, the major cost component when manufacturing wood pulp, have developed quite differently the past few years for pulp mills manufacturing softwood pulp compared to companies producing hardwood-based pulp. Softwood fiber prices remained relatively

Wood fiber costs for hardwood pulp producers have fallen 17% in two years and in the 3Q/13, were the lowest they have been since 2009

Wood fiber costs, which account for about 60% of the production costs when manufacturing pulp, have been in steady decline in many parts of the world for the past two years, reports the Wood Resource Quarterly. In the 3Q/13, the Hardwood Fiber Price Index (HFPI) had fallen 17% since 2011, while the Softwood Fiber Price Index (SFPI) was down 10% over the same period.Seattle, USA. The wood costs for the global pulp industry have trended downward in a majority of the pulp-producing regions of the world the past two years, according to the Wood Resource Quarterly (WRQ). This has mainly been the

Global supply, demand, pricing and logistics of pulpwood and biomass focus at 6th International Woodfibre Resource and Trade Conference

Worldwide trade of wood chips fell in 2012 and prices for pulplogs and wood chips were down in most regions of the world. But change is ahead. Learn more about the outlook for the global pulpwood and biomass markets in 2013 and 2014 from industry experts at the upcoming 6th International Woodfibre Resource and Trade Conference, which will be held in Istanbul, Turkey on April 9-10, 2013.Worldwide trade of wood chips fell in 2012 and prices for pulplogs and wood chips were down in most regions of the world. But change is ahead. Global demand for wood fiber for both pulp manufacturing and

Weaker pulp markets are forcing pulp manufacturers worldwide to reduce costs, resulting in the lowest softwood wood fiber prices seen since 2010

The declining prices for softwood pulp during much of 2012 have forced many pulp mills to try to cut wood fiber costs to remain profitable. As a consequence, the wood fiber price index (SFPI) has continuously declined the past year and, during the 3Q/12 was at its lowest level since 2010, according to the Wood Resource Quarterly.Seattle, USA. Prices for softwood market pulp (NBSK) prices have trended downward for more than a year from their record highs of over $1000 per ton in the summer of 2011. In the 3Q/12, prices had fallen to between $750-800/ton in Europe and were about 50 dollars

Wood costs for the world’s pulp industry continued downward in the 2Q/12 with the biggest declines in Brazil, Russia, Australia and Europe

The costs of wood fiber for many pulp mills throughout the world continued to fall in the 2Q/12 and were at their lowest levels in over a year, according to the Wood Resource Quarterly. The greatest declines were seen in Brazil, Australia, Russia, Spain and US northwest, and Eastern Canada.Seattle, USA. Wood fiber costs for the world’s pulp mills were down again in the 2Q/2012. Prices for wood chips and pulplogs in both local currencies and in US dollars fell in most of the 17 regions tracked by the Wood Resource Quarterly. Uncertainty in demand for pulp, lower pulp and paper prices,

Weaker pulp markets have resulted in lower wood chip and pulplogs prices worldwide

Wood fiber costs, which can account for up to 70 percent of the production costs for a pulpmill, fell in many markets during the 1Q/12, according to the Wood Resource Quarterly. The biggest declines were seen in Western Canada, Europe and Brazil, while Chile, Australia and New Zealand experienced some minor price increases for pulplogs and chips during the quarter.Seattle, USA. The global pulp market is mired in uncertainty: uncertainty when China will move into buying mode, uncertainty about where the European economy is heading and uncertainty if low spot prices for softwood market pulp

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