90% of Russian sawn timber is sold in two markets—the domestic and the Chinese

Nowadays, Russia is probably a unique case in the global market of sawn timber. Russian Sawn Timber Market, a monthly price review by WhatWood, reports that, on the one hand, the country is separated from the cash-flush European market with the annual sales volume of 5–6 million m³ and worth $1.0–1.5 billion, which consumes an equivalent of 12–15% of Russia’s total production.

On the other hand, the Russian Federation currently depends on only two markets, the domestic (including the domestic markets of EAEU+ countries) and the Chinese market. Combined, they account for about 90% of all Russian sales. There are simply no other high-margin and high-capacity markets. And this seems to be the prospect for the next few years. It obviously makes no sense to hope for the suddenly emerging (like India) or returning (like MENA and Japan) markets.