{"id":86937,"date":"2023-10-26T06:56:07","date_gmt":"2023-10-26T06:56:07","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/stora-enso-expects-weak-demand-to-persist-into-2024\/"},"modified":"2025-09-19T09:00:58","modified_gmt":"2025-09-19T09:00:58","slug":"stora-enso-expects-weak-demand-to-persist-into-2024","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/stora-enso-expects-weak-demand-to-persist-into-2024\/","title":{"rendered":"Stora Enso expects weak demand to persist into 2024"},"content":{"rendered":"

Stora Enso faces a continued subdued market outlook for the rest of 2023 and going into 2024, as weak global growth and high inflation weigh on its performance. <\/span>The company expects no market improvement in the fourth quarter, following a challenging third quarter, when low demand and prices affected most of its segments. All variable costs are however declining from their peak levels, except for wood, which remains high despite a slight decrease.<\/p>\n

The current macroeconomic and market conditions pose significant challenges for Stora Enso, especially in its Packaging Materials and Wood Products divisions. These segments suffer from low demand, prices and volumes.<\/p>\n

Sales in the Wood Products segment decreased by 33%, or EUR 171 million, to EUR 349 million, mainly impacted by lower sales prices and volumes, especially for sawn wood. A clear decline in building permits and projects reduced the demand for Cross Laminated Timber (CLT) and Laminated Veneer Lumber (LVL).<\/p>\n

The demand for these divisions is also affected by the weak outlook for retail and construction sectors. On the other hand, customer destocking is expected to come to an end in the Packaging Materials and Biomaterials divisions, which may support a slight recovery in these segments in 2024. The Biomaterials division also sees some signs of improvement in the pulp market, with rising spot prices and decreasing global pulp inventories, after plunging from record highs in 2022. However, this recovery is expected to be slow due to new pulp capacity entering the markets.<\/p>\n

The Packaging Solutions division faces fluctuating and weak market conditions, with challenged margins due to over-capacity. The Forest division experiences a tight wood market, especially for pulpwood in Finland and sawlogs in Sweden, driven by mill starts and competition from the energy sector. Stora Enso has taken restructuring actions during the second and third quarters this year to protect its margins and cash flow.<\/p>","protected":false},"excerpt":{"rendered":"

Stora Enso faces a continued subdued market outlook for the rest of 2023 and going into 2024, as weak global growth and high inflation weigh on its performance. The company expects no market improvement in the fourth quarter, following a … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-86937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nStora Enso expects weak demand to persist into 2024 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/stora-enso-expects-weak-demand-to-persist-into-2024\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stora Enso expects weak demand to persist into 2024 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Stora Enso faces a continued subdued market outlook for the rest of 2023 and going into 2024, as weak global growth and high inflation weigh on its performance. 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