world news - 05.11.2004

European Softwood Conference

The 52nd European Softwood Oktober 21st and 22nd in Vienna has agreed on the crucial importance of extending promotional activity to expand the European market for softwood and softwood products.

The Conference confirmed that softwood consumption amongst its members in 2003 had increased by 6 million cubic metres (2%) over 2002 and it has been estimated to increase by 12 million cubic metres (3.6%) in 2004.

Developments in 2005 are less clear with consumption predicted to decline in North America, rising in Europe and the Far East. Higher oil prices and a strong Euro could have a negative impact on the market but the high price of steel and other competitor materials could be a positive influence on timber consumption. An overall reduction in consumption is forecasted for 2005, down by over 5 million cubic metres (1.6%).

IHB Internationale Holzboerse GmbH


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