EU: Imports of Russian hardwood logs decline in 2014

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According to the latest Eurostat data, EU imports of Russian hardwood logs declined in the period from January to September 2014 compared to the same period in 2013. Thus, the first five Russian hardwood logs importing countries in 2014 were Finland, Sweden, Poland, Estonia and Czech Republic. Total import volume in terms of value decreased by 8% to 163.87 million euro in 2014 (from 178 million euro in 2013).

Traditionally, Finland is the main importing market in Europe for Russia. Even though hardwood logs imports from Russia decreased by 4% in 2014, Finland’s market share in terms of import went up from 88.7 % to 92.8% in 2014 over 2013.

In contrast with Finland, Sweden has reduced hardwood logs imports from Russia by 54% in September-January 2014 year-on-year, having imported Russian hardwood logs valued at 8.62 million euro in 2014, compared to 18.9 million euro in 2013.

Another interesting development was observed in relation to Poland. If the country didn’t import any hardwood logs from Russia in 2013, in 2014 it imported Russian hardwood logs amounting to 2.24 million euro, which put Poland to the third position with a market share 1,37%.

TOP 5 Importing Countries. Hardwood: Logs imported from Russia by (in EUR)

  I-IX 2013 I-IX 2014 Change in %
Finland 157,854,670 152,051,832 -4 %
Sweden 18,909,260 8,627,870 -54 %
Poland - 2,246,490 %
Estonia 170,790 444,990 161 %
Czech Republic 360,520 299,480 -17 %
Others  709,060 205,380 -71%
EU Total 178,004,300 163,876,042 -8 %

The statistics are based on the numbers published by Eurostat. The product Hardwood: Logs consists of following HS Codes: 44039

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