Log trade in the Baltic Sea region has declined: WRI

After hitting a 15-year peak in 1Q2022, the weighted average price for southern timber turned sharply lower in 2Q as prices for every product dropped during this period. While stumpage prices were up +7% year-over-year (YoY), they were down -13% quarter-over-quarter (QoQ) in 2Q. Southern timber prices have demonstrated significant volatility since 2017; however, prices for all products have trended upwards over the last ten years.