1. Finland Overview Mar 2017 London – The Globe
EATTA – Shippers Meeting Cambridge Sept 2017 Finland Softwood Supply Report
Finland Overview Mar 2017
London – The Globe

2. EATTA – Shippers Meeting Cambridge Sept 2017
20 June, 2018
EATTA – Shippers Meeting Cambridge Sept 2017
Production
Finnish
Supply/Demand
Export stats
UK and where it sits
Key drivers UK market
Market Commentary
Outlook
Internal

3. EATTA – Shippers Meeting Cambridge Sept 2017 Forest Resource
Finland
75% of Finland is forest land
Forest resource continues to grow and Finns look to find new ways to utilise the precious resource and narrow the gap between annual growth and harvesting
New production coming on stream
pulp/bio
But also timber

4. EATTA – Shippers Meeting Cambridge Sept 2017 Sawn redwood and whitewood production in Finland
Jan - Jun 000m3
% change
Sawn total
6297
7.5%
Redwood
2965 5%
Whitewood
3333
10%
Source : Finnish Forest Industries Federation

5. EATTA – Shippers Meeting Cambridge Sept Softwood sawnwood – major markets development (ex Finland)
Source : Finnish Forest Industries Federation

6. EATTA – Shippers Meeting Cambridge Sept 2017 Finnish Export Statistics H1 2017 v 2016
Exports at 4.5mm3 +5%
UK +5%
China + 65%
Egypt down 22%
Algeria – suspended licences bar one
Just under 2/3rds exports to non-European countries

7. EATTA – Shippers Meeting Cambridge Sept 2017
All markets UK
Source : Finnish Customs

8. EATTA – Shippers Meeting Cambridge Sept 2017
UK Sawn Joinery
Redwood import 2016 =
Finland – 392,000m3
Sweden – 613,000m3
Jan – June 2017
Finland sawn exports to UK
RW m3
WW m3
Competitive markets
Japan
China
Algeria
Egypt
East Europe

9. Quality and Reliability
EATTA – Shippers Meeting Cambridge Sept UK market Price/Activity – Key Drivers
UK Market.
Volumes Growing
Demand
Supply
Global Demand
Stock at mill
Logistics
Specification
Politics
Currency
Quality and Reliability

10. So actually something like 29% change in just under 2 years
EATTA – Shippers Meeting Cambridge Sept Currency Development 2016 and 2017
c17%
Nov
So actually something like 29% change in just under 2 years

11. Supply has been good but getting tighter in Q3 and continuing to Q4
EATTA – Shippers Meeting Cambridge Sept Outlook 2017 H2 and 2018 UK
Demand has been steady
Supply has been good but getting tighter in Q3 and continuing to Q4
It is forecast that demand globally will remain strong throughout 2017
Nevertheless Finland remains committed to the UK market
Political uncertainty clouds the horizon – and has big impact on wood pricing through currency variation
Brexit negotiations and outcome more uncertain than ever
All UK parties promoting house building.
Timber frame and engineered timber building styles increasing in popularity.
Sustainability and environmental considerations are positive to use of timber
In conclusion, a rather optimistic outlook for the rest of the year despite the political and structural upheaval both locally and globally

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