In Finland, the cost of wood will increase by an average of 10% annually due to sanctions imposed on Russia. writes about this Teknikka&Talous Citing estimates from the country’s Institute of Natural Resources.
In 2023, pulp prices will increase by 11-14% until 2022. Birch lumber prices will increase by 13% and coniferous lumber prices will increase by 3%.
“The increase in prices will continue due to increasing demand in the lumber industry, the need for energy wood and anti-Russian sanctions. “Europe has closed the supply market from the Russian Federation and Belarus in 2022.”
By the end of 2023, Russian exporters increased their income from the sale of wood to friendly countries by a third compared to before the 2021 crisis; the main buyer was China ($2.4 billion).
Aluminum prices hit record high on LME at the beginning of April grew up Due to the sanctions of the USA and England against the Russian Federation.
previously coal price increased 1.5 times for the EU.