The results of the World Timber Congress in Oslo indicate signs of stabilization in the European softwood market after years of sharp fluctuations. The supply of processed timber has declined since its peak in 2021 but has now stabilized at around 78 million cubic meters per year in the European Association of Woodworkers (EAW). Despite the decline in production, some countries, such as Finland, are showing signs of recovery, while countries like Austria and Sweden have maintained stable production levels. On the demand side, sawn timber consumption rose slightly in 2024, and the outlook for next year points to further modest growth.
However, challenges remain: raw timber prices have reached record highs, squeezing profit margins; spruce is in short supply in some regions, prompting some mills to use pine as a substitute; and the contraction of the European construction sector is negatively impacting demand, despite some signs of recovery. Despite this cautious climate, many industry leaders are cautiously optimistic that 2026 could mark a turning point towards slower but more sustainable growth.
