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Downturn Shreds European Forest Products

The forestry industry in Europe, the former Soviet Union and North America last year suffered the biggest decline in demand for wood since the 1970s, and that wasn’t even the worst of the news for this foundation business.

Russian Forest Sector News at a glance

October 2, 2009

The UNECE Market Review 2008 - 2009

The current economic crisis is hitting hard the forest products sector across the UNECE region, according to the UNECE/FAO’s Forest Products Annual Market Review 2008-2009.

Forest Sector Downturn slowed in Q2 2009

Canada's forest, paper & packaging (FPP) sector continued to be negatively impacted by the global economic downturn during the second quarter of 2009.

Over 10,000 jobs already lost in Finnish forestry sector

Finnish forestry’s contribution to the national economy has dropped by half since the start of the new millennium.

Forest Products Markets 2008/2009 Outlook

A couple weeks ago, the United Nations Economic Commission for Europe (UNECE) released its 2008–2009 Forest Products Annual Market Review (http://timber.unece.org/index.php?id=208).

Issue date: 
August 18, 2009

Two Forest Industry Projects to be postponed in Komi, Russia

Two large investment projects – included in the list of federal priority projects – were frozen in the Komi Republic with total investment volume amounting to some 70 bln RUR (EUR 1.7 bln). They being:

Timber-import trade associations merge to European umbrella federation ETTF

12 August 2009: The interests of the European timber trade will be represented by the newly established umbrella organisation European Timber Trade Federation (ETTF) in the future.

50% of North American OSB capacity closed

The extreme weakness in the U.S. housing industry has created a huge over-supply of OSB capacity with no other options or markets to pursue. This has led to below cost prices for much of 2009.

China forestry sector output totals $195 bln

China forestry sector output totals $195 bln, up 13% year on year

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by Dr. Radut