“Wood-Based Panels Market in Russia” 05-2022: negative export developments continue

In May, the producers’ position was exacerbated by the higher exchange rate of the national currency, in addition to the previous problems with logistics and closure of export markets.

Re-orienting to the domestic market while maintaining the current output volumes is virtually impossible. Under unstable economic conditions, the population is increasingly trying to save the funds “for a rainy day”, which significantly reduces the demand for wood-based panels.

Almost all manufacturers of wood-based panels talk about this trend: “Customers (dealers/traders) stopped taking goods to warehouses. They sell leftovers, and new orders are made only for existing requests. This behavior of demand in the domestic market applies to all segments of wood-based panels, including structural ones, for which the traditional buying summer construction season was supposed to begin.

Read more details about the Russian market of wood-based panels in our monthly price review, Wood-Based Panels Market in Russia.

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