Halt in Russian Exports, Reduced Demand in China Contributed to a 20% Decline in Global Softwood Log TradeHåkan Ekström
Global trade of softwood logs plunged by 20% during the first half of 2022 year-over-year (YoY). Much of the decline was because of the Russian log export ban that came into effect on January 1, 2022. However, with weakening housing markets worldwide resulting in lower demand for lumber, other countries beyond Russia saw slowing exports of logs throughout the spring and early summer.
