Softwood lumber production in the Nordic region has continued its downward trajectory in 2024. Sweden and Finland, responsible for a combined export volume exceeding 150 million cubic meters between 2017 and 2023, have both reduced output as demand falters. The European Organisation of the Sawmill Industry (EOS) forecasts that European lumber production for 2024 will be 12% lower than its peak in 2021, reflecting broader challenges in the global timber trade. Production cuts amid weakened demand Sweden, the world’s third-largest softwood lumber exporter, shipped 14 million cubic meters of lumber in 2023, while Finland produced an ...