Russian plywood prices grew for the first time since February 2019

According to the Federal State Statistics Service, the average producer’s price of Russian plywood in the domestic market in May increased by 7.8% YoY to 26,595 rubles / m³ ($ 365). Export prices up to 12.4% YoY to 31,430 rubles / m³ ($ 432). The growth in plywood prices was recorded for the first time since February 2019.

According to the monthly WhatWood wood-based panels price review, there is also a rising price trend in the domestic market. For example, the price for interior plywood increased by 9.6% y / y (Moscow region, DIY, 5×5, grade 4/4, 12 mm) to 18,444 rubles / m³ ($ 253). In the Russian regions, average growth by some specifications amounted to 12% y / y (Volga region, DIY, 5×5, grade 4/4, 12 mm) to 22,781 rubles / m³ ($ 313).

Increasing price is confirmed by Segezha Group (Vyatsky Plywood mill). According to the company’s data, starting in February 2020, the market has seen a recovery in prices within 10% of the level of 4Q 2019 due to a decrease of tropical plywood production in China and the ensuing drop in exports.

Read more details at Plywood market in Russia 2019-2020/.