STOCKHOLM, Sweden, July 1, 2020
STOCKHOLM, Sweden, July 1, 2020 /PRNewswire/ -- The Coronavirus Epidemic has negatively impacted the supply chains for numerous industry sectors worldwide the past few months. Many commodity products saw reduced trade during March and April, a result of reduced demand, closures of manufacturing facilities to protect workers, constraint in the handling capacity of goods at many ports, and widespread financial distress. However, one sector that has remained fairly strong during the initial period of the epidemic is the forest products industry.
Demand for toilet paper, face masks, disinfecting wipes, corrugated paper for cardboard boxes, and wood products for home renovations are just a few forest products that have been in unusually high demand in many countries during this spring.
A closer look at the March 2020 trade data, the first "Coronavirus month", reveals that global trade of lumber, logs, wood chips and pulp increased in March as compared to the previous month.
The following snapshot illustrates a few interesting examples from the WRQ of positive developments in the forest industry sector from February to March this year:
In the coming months, numerous countries around the world are planning to ease lockdown policies and loosen the rules that are restricting house constructions, international commerce and consumer shopping. These changes may further benefit many companies in the forest industry sector. However, expect a rough road ahead.
Interested in wood products market information from around the world? Please consider subscribing to the Wood Resource Quarterly (WRQ), a 56-page report, established in 1988 and with subscribers in over 30 countries. The report tracks prices for sawlog, pulpwood, lumber & pellets worldwide and reports on trade and wood market developments in most key regions around the world. For more insights on the latest international forest product market trends, please go to www.WoodPrices.com
Wood Resources International LLC
Hakan Ekstrom, Seattle, USA
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