Tag: Russian timber industry

In 2023, investment in the Russian timber industry dropped by 4.8%, down to 188.8 billion rubles

The value of investments in the Russian timber industry reduced by 4.8% in 2023 compared to the record-setting performance of 2022; it amounted to 188.8 billion rubles, which is comparable to the 2021 level, according to Roslesinforg. Over...

Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks

Q1 2022 saw the historic high of timber enterprises’ quarterly revenue (740 billion rubles). The financial performance began to deteriorate drastically starting from Q2 2022 as European markets became unavailable. According to an estimate by WhatWood, in 2022,...

Russian timber industry in 1H 2023: cautious signs of recovery

The new reality and economic circumstances are still challenging the timber industry. On the one hand, Russia’s excess of resources generates investors’ interest; on the other hand, it turns into a bottleneck in terms of timber products consumption...