2026 will be characterised less by global cycles and more by regional divergence, as wood markets continue to adjust to structurally weaker construction demand, higher cost bases and changing trade patterns. After several years of volatility, prices are expected to move within narrower ranges, but without a strong demand-led recovery. Europe: demand constrained, supply pressure easing In Europe, the market backdrop remains shaped by subdued residential construction. In core consuming countries such as Germany and France, housing starts are expected to recover only gradually in 2026, constrained by still-elevated financing costs and cautious household spending. This ...
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