The European timber market in late 2024 faces a complex landscape marked by both challenges and moderate optimism. Despite a drop in European timber imports of approximately 20% in the first half of 2024, the demand has shown some resilience, with signs of potential recovery in specific sectors. For instance, timber imports from key suppliers increased slightly in June and July, hinting at a potential stabilization as the construction sector begins to anticipate growth in 2025.
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In Germany, the timber industry has observed some positivity in recent months, attributed in part to anticipated policy changes and new housing initiatives, though a substantial turnaround remains uncertain. Finland's timber prices, especially for softwood, continue to rise, driven by supply constraints and high global demand. The Polish timber sector, meanwhile, grapples with some of Europe's highest timber costs, which weigh on profitability and competitiveness.
The outlook for the European timber industry is cautiously optimistic. Expected increases in housing construction, particularly in the U.K. and Germany, may drive demand for timber products, though rising costs and supply chain issues pose significant hurdles. Experts suggest that with ongoing policy support and market adjustments, the sector could see improvement through 2025.
For more insights, Global Wood Markets and Timber Media provide updates on these trends.