Just as there appeared to be a return to some form of ‘normality’ on the horizon, an illegal invasion of Ukraine by Russia has brought any sense of potential calm in the market to a halt by ensuring that supply will remain tight and prices firm for the foreseeable future.

Even after a record year in 2021 where the volume of timber imports has nearly reached 11.7 million m3 – a volume not seen since 2007 – supply is under some threat, both from old challenges and new.