{"id":87359,"date":"2024-03-06T09:40:43","date_gmt":"2024-03-06T09:40:43","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/red-sea-situation-hampers-europes-plywood-market-russian-birch-ply-still-present\/"},"modified":"2025-09-18T17:27:42","modified_gmt":"2025-09-18T17:27:42","slug":"red-sea-situation-hampers-europes-plywood-market-russian-birch-ply-still-present","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/red-sea-situation-hampers-europes-plywood-market-russian-birch-ply-still-present\/","title":{"rendered":"Red Sea situation hampers Europe\u2019s plywood market; Russian birch ply still present"},"content":{"rendered":"<p>A UK plywood importer and distributor, who also sells into Ireland and other EU markets, concurred with EU counterparts that the market has been \u2018very depressed with poor sales and low margins. <span id=\"more-34817\"><\/span>At the same time costs have been increasing. \u201cWe\u2019ve seen our freight rates from Asia rising by 600% to 800% due to the Red Sea Suez situation. Our shippers are now diverting around the Cape, so deliveries are also taking longer,\u201d they said.<\/p>\n<p>\u201cAdditionally, poor log supply due to the rainy season has also pushed up FOB price levels on Malaysian and Indonesian plywood. In response to both these factors, we\u2019ve been looking at South America for some alternative options to the Far East. But Brazilian prices are also being pushed up now due to US demand levels.\u201d<\/p>\n<p>Another importer took a different perspective on the freight situation. \u201cThe freight rates we\u2019ve been paying have been on a roller coaster in recent times,\u201d they said. \u201cEx-Asia, they went as high as US$150-US$160\/m3 in the pandemic, then went down in 2023 to as little as US$20- US$30\/m3.<\/p>\n<p>Now, partly due to the longer routes being taken around the Cape, but also we feel due to some opportunism on the part of shippers, they\u2019re back up to US$100\/m3. But we feel that this, to some extent, is going to underpin margins in the plywood market, while the delays in getting cargoes from the Far East will restore some balance in supply and demand, potentially further firming up the market situation.\u201d<\/p>\n<p>A UK importer said that they were also seeing recognition among customers that prices could be on the turn. \u201cOur merchant customers were sitting on low stocks in the run- up to Christmas but are now waking up to forward costs rising and are buying in what they can,\u201d they said. \u201cFor the same reason, we think, we saw more inter importer trading in January as companies sought to build buffer stocks at current prices with the prospect that future supply becomes more expensive.\u201d<\/p>\n<p>On the ban on imports of timber and wood products from Russia following its attempted invasion of Ukraine, importers in the UK and EU say Russian birch plywood is still getting into both markets via third countries.<\/p>\n<p>\u201cWe\u2019ve seen not inconsiderable quantities of what is patently Russian birch ply still being traded, although it\u2019s being marketed as something different,\u201d said an importer- distributor. \u201cAnd this product is coming from countries which, as far as we know, have never previously supplied birch plywood in the quantities they\u2019re now providing, if at all in fact.\u201d<\/p>\n<p>As the remaining pre-embargo already-shipped legal supplies of Russian birch plywood reduced on the European market, many large panel product traders reported that new streams of birch plywood were coming on stream \u2013 from unlikely sources.<\/p>","protected":false},"excerpt":{"rendered":"<p>A UK plywood importer and distributor, who also sells into Ireland and other EU markets, concurred with EU counterparts that the market has been \u2018very depressed with poor sales and low margins. At the same time costs have been increasing. &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/red-sea-situation-hampers-europes-plywood-market-russian-birch-ply-still-present\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":49943,"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-87359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Red Sea situation hampers Europe\u2019s plywood market; Russian birch ply still present - 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\/red-sea-situation-hampers-europes-plywood-market-russian-birch-ply-still-present\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Red Sea situation hampers Europe\u2019s plywood market; Russian birch ply still present - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"A UK plywood importer and distributor, who also sells into Ireland and other EU markets, concurred with EU counterparts that the market has been \u2018very depressed with poor sales and low margins. 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