{"id":87319,"date":"2024-02-27T09:50:51","date_gmt":"2024-02-27T09:50:51","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/russian-sawmill-industry-remains-unprofitable-for-five-consecutive-quarters\/"},"modified":"2025-09-19T09:01:36","modified_gmt":"2025-09-19T09:01:36","slug":"russian-sawmill-industry-remains-unprofitable-for-five-consecutive-quarters","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/russian-sawmill-industry-remains-unprofitable-for-five-consecutive-quarters\/","title":{"rendered":"Russian sawmill industry remains unprofitable for five consecutive quarters"},"content":{"rendered":"

According to official operational data from Rosstat, in 2023 the volume of production of softwood and hardwood lumber in Russia decreased by 4.5% y\/y. <\/span>Thus, lumber production shows a decline for the second year in a row. However, the pace of decline is slowing: in 2022, production decreased by 10% y\/y. Taking into account additional estimates (Rosstat does not collect data on SMEs), the production volume in 2023 can be estimated at 38.9 million m\u00b3. Peak production was recorded in 2019: 44.4 million m\u00b3. Over 5 years, a decrease of 5.5 million m\u00b3.<\/p>\n

Consumption in the domestic market is growing<\/strong><\/p>\n

It is noteworthy that the rate of decline in production volumes is lower than the rate of decline in exports. Russia's lumber exports in 2023 decreased by 8.8% y\/y to 21.9 million m\u00b3. Thus, sales to the Russian domestic market in 2023 amounted to 17-17.5 million m\u00b3. For example, consumption in the domestic market in 2010-2022 was estimated at 10-12 million m\u00b3.<\/p>\n

Financial performance is mixed<\/strong><\/p>\n

The financial performance of Russian sawmills hit rock bottom in Q4. 2022 and began to improve in 2023. For example, the financial turnover of organizations (in a full circle) for 1-3 quarters. 2023 was only 4% (268 billion rubles) lower than the indicators for 1-3 quarters. 2022 Revenue from lumber sales decreased by 7% YoY (RUB 183 billion).<\/p>\n

It is noteworthy that in 1-3 quarters. In 2023, an increase in the total volume of orders (contracts) for the supply of products in subsequent periods was recorded by 79% year-on-year.<\/p>\n

However, the Russian sawmill industry remained unprofitable for five consecutive quarters, posting a net cumulative loss since Q3. 2022 in the amount of 6.8 billion rubles.<\/p>\n

Return on sales also remains in the negative zone: -2.6%. In 4th quarter 2022 return on sales was -30%.<\/p>\n

The accounts payable of sawmills is growing: for 1-3 quarters. 2023 it increased by 100 billion rubles. up to 405 billion rubles.<\/p>","protected":false},"excerpt":{"rendered":"

According to official operational data from Rosstat, in 2023 the volume of production of softwood and hardwood lumber in Russia decreased by 4.5% y\/y. Thus, lumber production shows a decline for the second year in a row. 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