In Slovenia, prices of forest wood products, especially spruce and beech logs, are slowly increasing. While the market initially followed a slow pace, prices are expected to reach notable highs by the end of March. This growth is part of a broader context where global economic hurdles, in particular the trade policies of former US President Donald Trump, are causing uncertainty in the market.
In recent years, timber prices on the world market have been subject to significant fluctuations, partly due to the chaotic trade policies pursued by former US President Donald Trump. His tariffs have dealt a major blow to international trade flows, leading to drastic price changes, which have been perceived in various markets, including the Chicago Mercantile Exchange. These policies have pushed up timber prices to levels previously only seen during outbreaks of economic crises such as the one in Covida. Raw material prices have become highly unpredictable, which also affects the Slovenian market and its ability to react to these changes.
The Slovenian timber industry now faces the challenge of adapting to these rapid price changes and unstable forecasts. Although Slovenia often lags behind global developments, its ability to react in a timely and effective manner is becoming crucial to remain competitive. Flexibility and strategic planning are essential to navigate these times of uncertainty.
At the international level, customs duties have had various consequences. Trump's protectionist policies may have proved beneficial for some European countries, such as Germany and Sweden, which have seen opportunities to increase their competitiveness in the US market. However, these benefits also carry long-term risks, as they may lead to a tightening of trade relations between the US and European Union countries, which could have serious consequences for global trade.
This uncertainty in the EU's response to Trump's tactics means that there is the potential for short-term gains for individual countries, while other countries may experience adverse consequences in the long term. The risk of increased trade barriers and possible retaliation by affected countries remains open, adding to global economic uncertainty.
In Slovenia, industry is under pressure to analyse and understand the complex web of global trade impacts. While the Slovenian market for forest wood products is growing, it is clear that these changes are inextricably linked to major international trends and decisions by major global players. Slovenia needs to adapt its strategies quickly in order not to be left behind and to be able to fill the gaps that risky international circumstances leave behind.
