{"id":81545,"date":"2021-12-01T07:31:03","date_gmt":"2021-12-01T07:31:03","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/european-n-america-sawmills-see-profits-plunge-3q\/"},"modified":"2025-09-19T08:56:34","modified_gmt":"2025-09-19T08:56:34","slug":"european-n-america-sawmills-see-profits-plunge-3q","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/european-n-america-sawmills-see-profits-plunge-3q\/","title":{"rendered":"European and N. America sawmills see profits plunge in 3Q"},"content":{"rendered":"<p>Sawmills in\u00a0<span class=\"xn-location\">Europe<\/span>\u00a0and\u00a0<span class=\"xn-location\">North America<\/span>\u00a0enjoyed record profits during the first half of 2021, but fell in the 3Q when lumber prices plunged.<\/p>\n<p>Sawmill profits in\u00a0<span class=\"xn-location\">North America<\/span>\u00a0and\u00a0<span class=\"xn-location\">Europe<\/span>\u00a0continued to rise in the spring and early summer of 2021, surging to all-time highs on both continents. With lumber prices reaching unprecedented levels and costs for sawlogs moving up relatively less, profits for sawmills reached record highs in the 2Q\/21. The gross margins, defined as the margin between lumber prices and net wood costs, were by far the highest in the last 15 years.<\/p>\n<p>The surprisingly strong demand for lumber and high operating rates at lumber manufacturers resulted in increased costs for sawlogs during the past year, with some of the most significant increases occurring in western\u00a0<span class=\"xn-location\">Canada<\/span>, the Nordic countries, and\u00a0<span class=\"xn-location\">Central Europe<\/span>.<\/p>\n<p>Despite the higher production costs, the gross margins more than doubled in\u00a0<span class=\"xn-location\">Europe<\/span>\u00a0and tripled in\u00a0<span class=\"xn-location\">North America<\/span>\u00a0over the past year. However, in July and\u00a0<span class=\"xn-chron\">August 2021<\/span>, margins fell substantially because of plunging lumber prices, while sawlog costs saw smaller price adjustments. As a result, many sawmills reduced operating rates in\u00a0<span class=\"xn-location\">Western Canada<\/span>\u00a0and Northwestern US, where the revenues from lumber sales infrequently did not cover the cash costs.<\/p>\n<p>In the US South, gross margins also fell as lumber prices crashed, but thanks to low sawlog costs, sawmills were still running at profitable levels into the 3Q\/21. As a result, the estimated gross margins in August were noticeably higher than the average over the past decade.<\/p>\n<p>Profit levels for sawmills in the Nordic countries have also increased in the past year, although at a slower pace than in\u00a0<span class=\"xn-location\">Canada<\/span>\u00a0and the US. Higher revenues for lumber and byproducts more than compensated for recent increases in the costs for sawlogs in both\u00a0<span class=\"xn-location\">Finlanda<\/span>\u00a0and\u00a0<span class=\"xn-location\">Sweden<\/span>\u00a0in the 2Q\/21. This positive development resulted in gross margins for sawmills in the Nordic countries hitting their highest levels in over 15 years.<\/p>\n<p>Swedish lumber companies have seen their profits rise faster than their Finnish competitors. They have benefited from lower sawlog costs than lumber mills in\u00a0<span class=\"xn-location\">Finlanda<\/span>\u00a0and have had a higher share of lumber shipments to high-paying markets, including the US,\u00a0<span class=\"xn-location\">Norway<\/span>,\u00a0<span class=\"xn-location\">United Kingdom<\/span>,\u00a0<span class=\"xn-location\">the Netherlands<\/span>, and\u00a0<span class=\"xn-location\">Danemarca<\/span>. Some of the major destinations for Finnish lumber have been lower-cost markets such as the MENA region and\u00a0<span class=\"xn-location\">China<\/span>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sawmills in\u00a0Europe\u00a0and\u00a0North America\u00a0enjoyed record profits during the first half of 2021, but fell in the 3Q when lumber prices plunged. Sawmill profits in\u00a0North America\u00a0and\u00a0Europe\u00a0continued to rise in the spring and early summer of 2021, surging to all-time highs on both &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/european-n-america-sawmills-see-profits-plunge-3q\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":64294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[3299,3306,3405,3348],"class_list":["post-81545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-europe","tag-lumber","tag-north-america","tag-sawmills","topic-forestry","topic-industry-prices","topic-sawmilling","area-australia-and-pacific-region","area-china","area-europe","area-north-america","area-russia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European and N. 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