US Becomes Sweden’s Second Largest Wood Products Export Market

A press release dated March 6th from Danske Bank, which provided highlights from its latest quarterly analysis, “Forest and Economy,” noted that reduced supply—not increased demand—has allowed Swedish wood products prices to begin rising once again, after their sharp decline in the autumn of 2022.

According to the statement, as in prior periods of low prices, it is Egypt and China that have been the predominate consumers of Swedish wood products, and that in turn has given sawmills the ability to raise prices as stock availability tightened.

Danske Bank also highlights Sweden’s increased exports to the US market. Exports from Europe and Sweden have grown dramatically; and in 2022, the US became Sweden’s most important wood products market, second only to the UK market.