Baltic States – CIS, Latvia, Markets and Companies, Woodwork

Timber and timber products made up most or 56.8% of total forestry product imports in the first six months of 2017 (56.4% in January-June 2016), accounting for EUR 224.646 million and rising by 11.4% from the same period a year ago.

Timber imports included EUR 69.629 million worth of sawn timber, up 25% against the first six months of last year and accounting for 17.6% of total forestry product imports. Round timber imports fell 15.9% to EUR 33.975 million, or 8.6% of total forestry product imports.

Paper, cardboard and their products accounted for 34.4% of total forestry product imports in January-June 2017 (35.2% in January-June 2016), or EUR 136.004 million, up 8.2% compared to the first six months of 2016.

Lithuania supplied the largest amount of forestry industry products to Latvia in the first half of 2017, accounting for EUR 78.804 million, or 19.9% of total forestry industry imports. Russia supplied EUR 49.755 million worth of products, or 12.6%, and Estonia supplied products for EUR 49.86 million, or 12.6%. Compared to the first six months of 2016, forest industry imports from Lithuania rose by 21%, imports from Russia increased by 2.5%, and imports from Estonia grew 4.5%.

In the first half of 2016, Latvia imported EUR 357.468 million worth of forestry products.