Since the beginning of this year, both domestic production and export growth of plywood in Russia have shown a slowdown. Data show that from January to October, Russia's plywood production reached 2.785 million cubic meters, a year-on-year decrease of 26.7%. Among them, only in October, its plywood production decreased by 37% year-on-year.<\/p>\n
In terms of a single month, Russia's plywood supply to the international market increased by 13% in September; in October it increased by 2.5%, with exports reaching 117,000 cubic meters. Mainly exported to China, USA and Turkey.<\/p>\n
Exports to China<\/strong><\/p>\n Let's first look at the export of plywood from Russia to my country this year. Since 2014, plywood exports from Russia to China have maintained an upward trend. In 2020-2021, it shows a downward trend, with a decrease of 6% and 7% respectively.<\/p>\n Russian plywood exports have turned around, and the single export has soared by 1119%<\/p>\n The situation is different this year. Data show that compared with the same period last year, in the first three quarters of this year, Russia's plywood exports to China increased by 45% to 83,000 cubic meters.<\/p>\n Generally speaking, Russia's plywood exports to China have moved from slowing growth to recovery, but as for when it will return to the level before the epidemic, it may depend on the recovery of my China's plywood market demand.<\/p>\n Exports to the United States<\/strong><\/p>\n The United States and China are also the main importers of Russian plywood.<\/p>\n However, since April this year, the United States has removed most-favored-nation (MFN) status in trade with Russia and Belarus, leading to an increase in the average tariff on products exported from these two countries to the United States from 3.3% to 32.3%. Among them, the average tariff on plywood reached 40-50%.<\/p>\n High tariffs limit the export of Russian plywood to the United States. Data show that in the first ten months of this year, Russian plywood exports to the United States fell by 21%. Among them, in October alone, Russia's plywood exports to the United States fell by 29% year-on-year to 52,100 cubic meters.<\/p>\n It can be seen that until the United States reclassifies Russia as most-favored-nation treatment, Russia's plywood to the United States will not resume.<\/p>\n Exports to Turkey<\/strong><\/p>\n After closing the European and American markets, in addition to increasing exports to China, the Middle East countries, mainly Turkey, have also become markets that Russia plans to further develop.<\/p>\n In October, Russia's plywood exports to Turkey reached 76,900 cubic meters, a sharp increase of 1119% year-on-year. However, the average price fell by 27% year-on-year to US$617 per cubic meter; the chain fell by 8%.<\/p>\n This increase in exports has obviously brought about a turning point for Russian plywood exports. At the same time, this also shows the potential of the Middle East market, and also lays the foundation for Russia to expand the market share of plywood in the Middle East in the future.<\/p>\n The reduction of international market share once caused the problem of overcapacity in the Russian plywood market, and the entire industrial chain was also affected. The turning point in the Middle East market is expected to boost confidence in the Russian plywood market to a large extent, and it is expected to become another major importer of wood and wood products in Russia.<\/p>","protected":false},"excerpt":{"rendered":" Since the beginning of this year, both domestic production and export growth of plywood in Russia have shown a slowdown. Data show that from January to October, Russia’s plywood production reached 2.785 million cubic meters, a year-on-year decrease of 26.7%. … Continue reading