In 2024, the overall fulfillment rate of timber sale and purchase agreements in Ukraine was almost 88%. This indicates a significant level of discipline and trust among market participants, which contributes to the stability and development of the industry. However, to understand what factors influence this result, it is worth paying attention to changes in the legal framework and management decisions that have been implemented in recent years.
Following the adoption of legislative changes, since July 2021, almost all unprocessed timber in Ukraine has been sold on exchanges licensed by the National Securities and Stock Market Commission (NSSMC). This ensures a transparent and competitive process, as buyers can participate in open bidding. In addition, this system helps to reduce corruption risks and improves control over compliance with the rules. New participants enter the market and the sales process becomes more transparent, which in turn ensures the stable development of the timber market.
The Ukrainian Association of Woodworking Enterprises makes a significant contribution to the stability and development of the timber market in Ukraine, regularly monitoring this segment. Thanks to their active work and publications, stakeholders can receive up-to-date information on the level of contract fulfillment. The publication of such data enables both the business community and the government to understand current trends and respond effectively to new challenges.
Control over the timber market allows collecting data on concluded agreements and analyzing key market indicators. This data is the basis for making informed management decisions that help optimize market processes and ensure its sustainable development. It is important to maintain this practice in the future, as it has a significant impact on market discipline.
There is still room for improvement in the timber market in Ukraine, despite the high level of contract fulfillment. Given the challenges facing the sector, it is important to adapt new technologies into management and sales processes, as well as to expand the competencies of employees. To do this, it is necessary to stimulate investment in innovative solutions and create conditions for attracting young professionals to the industry. This will help ensure even greater competitiveness and stability of the Ukrainian timber market.
