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Global - The Global Sawlog Price Index rose 8% in the 4Q/20 - Softwood Lumber Imports to US up 4.5% yoy - US Lumber prices hit record highs in 2020 with 30% decline in China imports
• The Global Sawlog Price Index rose 8% in the 4Q/20 as demand for logs increased throughout North America and Europe.
• The most significant sawlog price increases occurred in Western US, Western Canada, Central Europe, and Estonia. Of the 21 regions included in the Index, only Northwest Russia and Poland saw falling sawlog prices from the 3Q/20 to the 4Q/20.
• The European Sawlog Price Index (ESPI), denominated in Euros, also rose by 8% in 4Q/20, up from an 11-year low in the 3Q/20. The most significant price increases were seen in Austria, Germany, Norway, Estonia, and the Czech Republic. Global Pulpwood Markets
• The Global Hardwood Fiber Price Index (HFPI) was up 1.4% from the 3Q/20 to the 4Q/20 to US$82.28/odmt. This was the second q-o-q increase of the HFPI from the 15-year low in the 2Q/20.
• The 4Q/20 Global Softwood Fiber Price Index remained practically unchanged from a year ago.

InternationalGlobal Lumber Markets
• Softwood lumber imports to the US were up 4.5% y-o-y in 2020, contrary to most other regions of the world, reports the WRQ. Importation to China and Japan was down 11% and 13%, respectively.
• Unexpectedly, US lumber prices reached record highs in early 2021 because of an active home building sector, tight lumber supply, low wood inventories, and logistical disruptions.
• The four largest producers and exporters of softwood lumber in Europe, Sweden, Finland, Germany, and Austria, accounted for 2/3 of the continent’s total export volume in 2020.
• Lumber imports to China fell dramatically in the 4Q/20, resulting in a 30% decline in import volume for the entire year from 2019.
Global Biomass Markets
• European residential pellet prices increased slightly in the 4Q/20, while import prices changes for industrial pellets from North America were mixed.
• Global trade of wood pellets increased for the tenth consecutive year in 2020.

Are you interested in worldwide wood products market information? The You can read more fromWood Resource Quarterly (WRQ) is a 70-page report established in 1988 and has subscribers in over 30 countries. The report tracks prices for sawlog, pulpwood, lumber, and pellets and reports on trade and wood market developments in most key regions worldwide. For more insights on the latest international forest product market trends, please go to www.WoodPrices.com.
Contact Information
Wood Resources International LLC Hakan Ekstrom, Seattle, USA info@WoodPrices.co
Mar 2021


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