The state enterprise "Forests of Ukraine" in the first three months of 2024 significantly increased its revenue from the sale of wood, reaching UAH 5.1 billion, which is 30.8% higher than the same period in 2023.
The state enterprise "Forests of Ukraine" has entered into an agreement for the supply of 110 thousand pine and spruce seedlings with a closed root system (ZKS) to Slovakia.
An investigation conducted by the Belarusian Investigative Center, the Schemes project of Radio Liberty and Gazeta Wyborcza revealed that after the imposition of sanctions from Belarus, wood imports from Kazakhstan to the EU doubled.
Wood processing enterprises of Ukraine do not plan to buy wood in the second and subsequent quarters of 2024 due to the long-term blocking of the border and non-market prices for raw materials.
The Italian wood furniture industry experienced an 8.1% decline in 2023 compared to 2022, reaching approximately $56.6 billion, as reported by a recent study.
On the Ukrainian wood market there is an increase in prices and an increase in demand, said the General Director of the State Enterprise "Forests of Ukraine", Yuriy Bolokhovets.
The state enterprise "Forests of Ukraine" put up for a Dutch auction with a price reduction over a million cubic meters of wood that remained unsold at the auction in the fourth quarter.
According to the same State Statistics Committee for 2022, the number of registered enterprises and entrepreneurs with the KVED code 31 “furniture production” decreased by 12.9%, that is, ⅛ of the industry ceased operations.
