Russian lumber export sets new record

Press release

5/13/2015

The Russian export of softwood lumber continues to rise. Russia exported a total of two million cubic meters of softwood lumber in March. China dominates as a receiver of Russian lumber and the Russian market share is increasing fast due to the weakening of the Ruble. The market share in March was 47 percent. Meanwhile Canadas market share in China is falling. Also in other markets i.e. South Korea and Egypt the market shares for Russia are increasing. Obviously the weakening Ruble helps the Russian exporters also in these markets.

"The current increase in lumber export is in line with Vladimir Putin's statement last year when he said that Russia would refine more raw materials in the country", says Jenny Wessung, CEO Woodstat.

About Woodstat

Since 2007 Woodstat delivers comprehensive statistics and analysis to sawmills, forest owners and banks across the world. Woodstat publishes approximately 400 issues of the newsletter "Market News" every year. The Market News are concise and contain the latest market statistics for the manufactured lumber product industry. Woodstat's charts collection is available at www.woodstat.com and contains hundreds of relevant diagrammatic data for anyone working in the wood or forest industry.

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