Since peaking in 2021, the European softwood lumber industry appears to have entered a downward cycle. As one of the key consumption sectors for European lumber, the construction industry in Europe has seen a significant decline in activity since 2022. The sharp drop in new project starts has directly led to weakened demand for lumber. To align with shrinking market demand, major production regions in Europe have cut output. However, this measure has not been sufficient to reverse the industry's downturn. The overall economic instability in Europe has not only continued to dampen demand for lumber but has ...
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