Log export from Russia declined by 21% to 12.5 million cu m in 9 months of 2012 – WhatWood Analytics

Moscow, November 29. Physical volume of roundwood export from Russia declined by 21% in January-September 2012 year-on-year down to 12.5 million cu m, as said in the report published by WhatWood analytic service. Export cost declined by 27.3% on-year down to $1.1 billion.

Negative growth of log export from Russia was due to falling deliveries to three key markets, namely China (-26%), Finland (-9.6%) and Japan (-28.4%). Share of these three countries in total export amounts to 90%.

‘’Falling demand was also affected by decrease in harvesting volume (-2.3% in January-September 2012 year-on-year) and new export delivery terms after Russia’s WTO accession. Many Russian exporters came across difficulties in getting their licenses’’, as said in WhatWood Analytics report.

To read full 40-page version of WhatWood’s analytic report please contact our analysts at research@whatwood.ru.