Russian plywood output rose in February

According to the data published by the Federal State Statistics Service (Rosstat), the output of Russian plywood grew by 21% in February 2023 compared to the previous month, reaching 245,000 m³. This is the highest monthly output since July 2022, when the European Union, which was the largest buyer of Russian plywood at the time, introduced a de-facto embargo on timber products from Russia.

Nevertheless, the plywood output volume was still considerably smaller in January-February 2023 compared to the same period last year: -36.5%, down to 448,000 m³. The output in February 2023 reduced by 32% compared to February 2022.