Private forest owners sharply reduce timber harvesting
Last year, private forest owners in Latvia significantly reduced timber harvesting volumes, attributed to stagnation in major timber product markets.
Last year, private forest owners in Latvia drastically cut timber harvesting volumes. This decline is linked to stagnation in the largest markets for timber products, which has dampened demand. The reduction was sharp, according to industry data. Private forest owners responded to the market conditions by lowering their logging activities. This trend could impact the entire timber processing chain, from harvesting to export. The key timber product markets are currently experiencing stagnation, creating uncertainty about future developments. Experts note that the situation warrants close monitoring as it may affect the sustainability of the sector and forest management practices. It remains unclear when harvesting volumes might return to previous levels.
