The first half of 2024 proved to be a dynamic period for the global forest industry. Many shifts, fluctuations, and emerging trends have formed the industry's landscape. Timber markets, lumber markets, wood fiber markets, and biomass markets each contribute a crucial piece to the puzzle that forms the global forest industry.

Forest Industry Performance in 1H2024
The Global Sawlog Price Index (GSPI) saw a quarter-over-quarter increase in 1Q/2024, despite being lower than the same period in the previous year. Interestingly, sawlog prices in the Baltic States continued their decline, while the Nordic countries experienced an increase. Global softwood log trade has been trending downwards over the past five years, reaching its lowest level in 15 years in 2023.

Meanwhile, the Global Hardwood Fiber Price Index (HFPI) experienced a slight decrease in the early days of 2024 but remained notably higher than its 10-year average.

In the global lumber markets, there was a weakening demand across the US, China, and Europe, making 2023 the fourth consecutive year of decline in the global trade of softwood lumber.

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Source: resourcewise.com