Russian wood based products market driven by growing demand and favorable export markets

Russian wood based products market driven by growing demand and favorable export markets
The main wood based products in Russia have met a growing demand once with more favorable export markets in 2017.     As shown in the 'Russian Forest Based Industries in 2017' report, the turn of the Russian economy from a recession to growth (GDP grew by 1.5%) led to a revival of demand for products aimed at the domestic market.In 2017, Russia sharply increased the import of woodworking machines (+ 60.7%) after a decline in 2016 by 15.6%.    This may indicate that the wood processing companies have adapted to the ...

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