Russia, China Contribute To Uncertain Outlook For Wood Markets
Posted On
March 22, 2023
Last year, the U.S. and EU restricted trade with Russia. In the face of those restrictions, the timber relationship between China and Russia grew stronger. Economic indicators—including a very small decrease in tariffs—suggest that China's economy may focus more on consumption than investment. Due to these factors and more, expect greater uncertainty in the global wood products market in 2023.
Resource:
Forest2Market: China, Russia, and the Uncertain State of Wood Markets for Q2 2023