Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Sweden's biggest producer, Vida Skog raised log prices
Posted on June 9, 2023 |
Vida Skog increased the log prices despite a more challenging market for lumber products, its operation is robust due to organized sawmills and a global sales medium.
From 1 June, prices for the standard spruce and pine lumber will grow by $12.8 per m³ of wood and the prices for logs by $6.4 per m³fub.
High-interest rates negatively affected construction, and housing construction in Sweden will fall by 50% in 2023 compared to 2022.
Vida Group employs 1,500 people in 23 production plants, including 12 sawmills, focusing on structural timber for many global markets.
75% of Vida’s sawn timber products are exported to Europe, Australia, the USA, Asia, and Africa.