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WRI publishes the Wood Resource Quarterly, established in 1988, a market report which includes lumber prices, delivered sawlog prices, pulpwood, biomass and wood chip prices. The report, which has subscribers in over 25 countries, also covers the latest developments in international timber, pulp, lumber and biomass markets in all major regions of the world, including Asia, North America, South America, Oceania and Europe.
Wood Resources International
Wood Resources International LLC (WRI), an internationally recognized forest industry-consulting firm established in 1987, publishes two quarterly timber price reports and have subscribers in over 25 countries. The Wood Resource Quarterly, established in 1988, is a 50-page market report and includes lumber prices, delivered sawlog prices, pulpwood, biomass and wood chip prices. The report also covers the latest developments in international timber, pulp, lumber and biomass markets in all major regions of the world, including Asia, North America, South America, Oceania and Europe.
Hakan Ekstrom
Wood Resources International LLC (WRI), an internationally recognized forest industry-consulting firm established in 1987, publishes two quarterly timber price reports and have subscribers in over 25 countries. The Wood Resource Quarterly, established in 1988, is a 50-page market report and includes delivered sawlog prices, pulpwood and wood chip price and market commentary to developments in global timber, biomass and forest industry
Wood Resources International
Reduced log export tariffs in Russia unlikely to boost the country’s log export volumes back up to historic levels
Wood Resources International
Global trade and prices in the forest industry
Wood Resources International
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Global sawlog prices fell in late 2011, especially in lumber export-oriented countries such as Western Canada, Finland, Sweden, Russia and New Zealand

Weakening lumber markets in Asia and Europe reduced demand for sawlogs in many countries late last year. As a result, log prices in a number of the major lumber-producing countries in the world fell during the second half of 2011, according to the market report the Wood Resource Quarterly.Seattle, USA. Sawlog prices in the 4Q/11 were down both in US dollar terms and in local currencies in most of the 20 regions covered by the Wood Resource Quarterly (WRQ) as compared to the previous quarter. The biggest declines occurred in Western Canada, Finland, Sweden, Russia and New Zealand, all

Wood fiber costs for pulp manufacturers declined in the 4Q/11 as pulp prices fell – with Global Wood Fiber Price Indices dropping 3.5%

Global demand for pulp has declined and pulp prices fell during the second half of 2011. As a consequence, prices for wood fiber, the highest cost component when producing pulp, were down throughout the world, as reported by the Wood Resource Quarterly. The Global Wood Fiber Indices for softwood and hardwood fiber declined 3.5% from the 3Q/11.Seattle, USA. Global pulp prices fell by about 20 percent from July to December last year. Weakening demand for pulp and lower product prices squeezed pulp company profit margins, so many companies tried to reduce their costs for wood fiber, which

The expansion of pulp production in China continues and the lack of domestic wood fiber sources has resulted in record imports of wood chips in 2011

Chinese pulp mills increasingly have to rely on imported wood chips for their wood fiber needs. In 2011, record volumes are being imported mainly from hardwood plantations in Vietnam, Thailand and Indonesia. Imported wood chip costs from Vietnam have gone up 40 percent in two years and are closing in on costs for chips shipped to Japan, according to the Wood Resource Quarterly.Seattle, USA. With the lack of sufficient quality and quantity of domestic wood fiber supply, new pulp mills in China are looking to expand importation of wood chips from plantation-rich countries in Southeast Asia to

Reduced log export tariffs in Russia unlikely to boost the country’s log export volumes back up to historic levels

Export tariffs on logs shipped from Russia, the world largest log supplier, are set to be reduced as the country becomes a member of the WTO. The proposed new lower tariffs are not expected to increase export volumes to pre-tariff levels, according to the Wood Resource Quarterly.Seattle, USA. Log exports from Russia have plummeted the past five years mainly because of the country’s implementation of a log export tariff of 25% in 2008, as reported in the WRQ. Despite having suffered a sharp decline in global market share, Russia is still the largest exporter of softwood logs in the world.

China is now the world’s largest importer of softwood lumber and logs despite a slowdown in imports during the 4Q/11

Reduced activities in the housing construction sector in China decreased importation of softwood logs and lumber in late 2011, reports the Wood Resource Quarterly. Despite the decline in the 4Q, total imports during 2011 reached a record high, making China the largest importer of logs and lumber in the world.Seattle, USA. Importation of softwood logs and lumber to China has increased continuously over the past 15 years, and in 2011 the country was the largest importer of softwood lumber and logs in the world, according to the Wood Resource Quarterly. Total import value equaled almost eight

Wood chip exports from Latin America reached a record high in 2011, with pulp mills in Japan and Europe being the major export destinations

Global trade of wood chips has gone up substantially the past two years. Hardwood chip export from Chile, Uruguay and Brail was up 43 percent in 2011 compared to 2009, as reported by the Wood Resource Quarterly. A clear majority of the increase was Eucalyptus chips destined for pulp mills in Japan and Europe.Seattle, USA. Wood chip exports from Latin America are on track to reach a record high of almost eight million tons in 2011, reports the Wood Resource Quarterly. This would be an increase of seven percent from last year and of almost 60 percent higher than in 2006. Chile is by far the

US woody biomass prices have dropped the past three years; west coast prices are the lowest in the country

Relatively low fossil fuel prices have reduced the demand and prices of woody biomass throughout the US the past three years, reports the North American Wood Fiber Review. The Pacific Northwest currently has the lowest biomass prices, slightly lower than the South, while the Northeast continues to have among the highest costs in the country.Seattle, USA. Prices for woody biomass in the US, whether sawmill byproducts, forest residues or urban wood waste, have been sliding for most of the past three years but were still higher in the 4Q/11 in most regions than they were five years ago,

New Zealand’s log exports to China account for one-third of the country’s timber harvest in 2011

Log exportation from New Zealand continues to rise at a record pace, with almost one-third of the country’s timber harvest being processed at sawmills in China. The high demand for logs from overseas has increased domestic sawlog prices to their highest levels in 15 years, according to the Wood Resource Quarterly.Seattle, USA. Log exports from New Zealand in 2011 are set to reach a new record high. During the first eight months, total shipments were 25 percent higher than the same period last year (54 percent higher by value) and total exports for 2011 may reach as high as 13 million m3,

Weaker lumber markets are causing global sawlog prices to fall for first time since early 2009

Slowing lumber markets throughout the world have resulted in declining sawlog prices in many of the major lumber-producing regions in Europe and North America, according to the Wood Resource Quarterly. The biggest price reductions occurred in Japan, Sweden, Poland and Russia.Seattle, USA. With weaker demand for lumber around the world, sawlog prices fell in a majority of the 21 markets tracked by the Wood Resource Quarterly (WRQ). The Global Conifer Sawlog Price Index (GSPI) declined in the 3Q for the first time since the 1Q/09. With a few exceptions, prices fell in both local currencies

The Global Sawlog Price Index reached a 16-year high in the 2Q/11; the biggest price increases occurred in Europe, Canada, Russia and New Zealand

Increased consumption of softwood lumber throughout the world has moved sawlog prices to new highs in 2011. The Global Conifer Sawlog Price Index (GSPI) reached a 16-year record high in the 2Q/11, with the greatest increases over last year’s prices occurring in Latvia, Poland, Japan, Russia and Germany, according to the Wood Resource Quarterly.Seattle, USA. Wood costs often account for 65-75 percent of the production costs when manufacturing softwood lumber. This cost has trended upwards for over two years in many of the major lumber-producing countries around the world, as reported in the

Exports of logs and lumber from the US and Canada to China are on pace to reach a record 2.6 billion dollars in 2011

The US and Canada have been exporting record volumes of logs and lumber to China in 2011.  The Wood Resource Quarterly predicts that exports in 2011 will double those seen in 2010 to reach an estimated value of 2.6 billion dollars. Lumber shipments from Canada alone could reach 1.2 billion dollars this year. The North American share of log and lumber import volumes to China has increased from four percent in 2005 to 18 percent in 2010.Seattle, USA. Shipments of softwood lumber and logs from the US and Canada to China will reach a new record high in 2011. In 2010, the two countries exported

Wood fiber costs for the global pulp industry reach new highs in 2011 with the biggest increases seen in Russia, Finland and Western US

Wood costs account for about 60 percent of the production costs when manufacturing pulp for paper. According the Wood Resource Quarterly, wood fiber costs have gone up about 25 percent since early 2009, reaching record levels in the 2Q/2011.Seattle, USA. Wood fiber costs continued to go up for the global pulp industry in the 2Q/11, having trended upward since early 2009, according to the market report Wood Resource Quarterly (WRQ). The Softwood Wood Fiber Price Index (SFPI) reached US$109.52 per oven-dry metric ton (odmt) in the 2Q/11, a 3.7 percent increase from the previous quarter and 23

Pulpwood prices in Western US were up almost 50 percent in 2Q/11 compared to 2Q/10, while wood prices were unchanged in the US South

Wood costs for pulp mills in Western US have increased over the past 12 months, reaching their highest level since early 2008 in the 2Q/11, reports the American Wood Fiber Review. Pulp mills in the US South have slightly lower wood costs than they did in 2010, and continue to have the lowest fiber costs in North America.Seattle, USA. Pulp mills in the Western US have seen their wood costs go up for four consecutive quarters, and this region, together with Quebec, had the highest 2Q/11 wood fiber costs in North America, according to the North American Wood Fiber Review (NAWFR). Douglas-

North American wood pellet capacity set to increase to serve markets in Europe and Asia

European demand for wood pellets has to a large extent, driven the expansion of pellet capacity in both the US and Canada the past five years. The North American Wood Fiber Review reports that in coming years, it is likely that demand for pellets will increase not only in Europe, but also in Asia and North America, which will generate new opportunities for pellet producers, particularly in Western Canada and Eastern US.Seattle, USA. A number of new wood pellet plants in the US and Canada are set to commence operations during 2011, with more plants planned in the coming years. With the

Increased foreign interest in pulp mills and plantations in Australia while the timber ownership is in transitional mode

The plantation ownership in Australia is in transition after the Management Investment Scheme (MIS) collapsed in 2009, reports the Wood Resource Quarterly. Foreign pension funds and pulp companies have shown increased interest in acquiring timber assets as forest plantations owners have gone into receivership.Seattle, USA. In the aftermath of the collapsed Management Investment Schemes (MIS), plantation ownership and management of the Australian timber resources is in a transitional mode, reports the Wood Resource Quarterly. The MIS plantation scheme was launched in 1997 with the objective

Japan's imports of logs, lumber, plywood set to increase to its highest since 2008 because of post-earthquake and tsunami re-building

Japan is in urgent need of pre-fabricated houses and manufactured wood products in the aftermath of the earthquake and tsunami that hit the country in early March. Longer term, it can be expected that imports of commodity products such as plywood, lumber and logs will increase to this country, which is already one of the largest importers of wood products in the world, according to the Wood Resource QuarterlySeattle, USA. The earthquake and tsunami that hit Japan on March 11 is first and foremost a humanitarian tragedy that is difficult to comprehend. Over 10,000 people died during and in

Wood costs for pulp manufacturers worldwide are on the rise: Wood Fiber Price Index 20% higher than two years ago

Wood costs, which account for up 70 percent of production costs when manufacturing pulp, have gone up worldwide the past two years, according to the market report Wood Resource Quarterly. The Global Wood Fiber Price Indices were back to pre-financial crises levels in the 1Q/11.Seattle, USA. The cost of manufacturing pulp has trended upward in most regions of the world the past two years. Much of the increase has been the result of higher wood fiber costs which, depending on pulp grade and region, currently vary between 48 percent and 72 percent of the total variable production costs,

Asia’s increasing demand for wood drives sawlog prices up in the US and Canada

Sawlog prices in Western US were up about 20 percent in 2010 as an result of increased competition for logs from log buyers in China, South Korea and Japan, according to the North American Wood Fiber Review. Prices for logs in the US South and Canada also moved up last year, but at a slower rate. Sawmills in Western Canada currently have some of the lowest wood costs in the world.Seattle, USA. Softwood sawlog prices have trended upwards in all major regions of North America over the past two years. The biggest increases have occurred in the US Northwest, where the log export market has had

Wood pellet exports from the US and Canada to Europe reached 1.6 million tons in 2010, a doubling of shipments in just two years

Over the past two years, North America has become a major supplier of wood pellets to Europe. In 2010, an estimated 1.6 million tons of pellets were shipped from the US and Canada to the Netherlands, the UK and Belgium, according to the North American Wood Fiber Review. This is a doubling of volume compared to 2008.Seattle, USA. The European Union has stated that by 2020, at least 20 percent of total energy consumption should be supplied by renewable energy resources. In an effort to reach this target, many countries have increased their consumption of woody biomass in the form of both wood

Russian log and lumber exports increased substantially in 1Q/11 thanks to higher wood demand in China, Finland and Japan

The world’s largest log exporter, Russia, increased the shipments of logs in the 1Q/11 after having declined for four years, reports the Wood Resource Quarterly. Russian exports of softwood lumber have also gone up substantially, especially to China, Uzbekistan, Japan and Egypt.Seattle, USA. Russia has for many years been, by far, the largest exporter of logs in the world. When the country announced a log export tax of 25 percent in 2007 and the intention to increase this tax to 80 percent in 2009, many forest companies in Asia and Europe decided to reduce their reliance on Russian logs. As

Lumber demand is increasing worldwide and has resulted in higher lumber prices in the 1Q/11 in the US, Japan, China and Europe

Last year global demand for softwood lumber increased 18 percent after having hit a 50-year low in 2009. The rise in demand has pushed lumber prices in North America, Asia and Europe to their highest levels in ten months, reports the Wood Resource Quarterly.Global demand for softwood lumber increased by about 18 percent in 2010. This came after a year when wood consumption worldwide was the lowest it had been in almost 50 years. This upward trend in consumption has continued thus far in 2011, with total volume consumed being more than 20 percent higher than the same period in early 2010,

Wood costs for the global pulp industry have increased 17 percent the past two years; only the US South has bucked the trend

Global market pulp production increased by seven percent in 2010, which increased demand for wood raw-material. As a result, prices for wood chips and pulplogs were up in most regions of the world, according to the Wood Resource Quarterly. The Softwood Wood Fiber Price Index (SFPI) has increased 16.5 percent the past two years, while the Hardwood Wood Fiber Price Index (HFPI) went up 17.7 percent.Seattle, USA. Global pulp production in the second half of 2010 was higher than many had anticipated, and pulp markets were better than they had been the first six months of the year. The total

Global trade of wood chips was up in 2010 after a sharp decline in 2009 with China becoming a major importer, reports the Wood Resource Quarterly

Global trade of wood chips was up 25 percent in 2010 because of increased production of pulp and paper products worldwide. China showed the greatest growth in chip imports with an increase over 400 percent in the past two years, as reported in the Wood Resource Quarterly. Australia continues to be the major exporter and shipped 11 percent more in 2010 than in the previous year.Seattle, USA. The international financial crisis in 2009 had a major negative impact on worldwide demand for pulp and paper products. As a result, the consumption of wood chips and pulpwood for pulp production was

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