The second half of 2025 brought a mix of stabilization and continued uncertainty across global forest products markets. While pricing indicators showed signs of recovery in some regions, trade flows and demand patterns remained uneven, reflecting broader economic pressures and shifting supply dynamics.
Here’s a preview of key trends shaping the industry:
Toward the end of 2025, global sawlog prices picked up momentum, with the Global Sawlog Price Index increasing both quarterly and annually. This growth was largely fueled by significant price increases in Europe, especially in Central and Northern markets. Meanwhile, global trade volumes told a different tale. Softwood sawlog exports overall declined, with notable drops from North America and Germany. New Zealand, however, maintained its leadership in global supply, expanding its export share even as other regions saw reductions.
Wood fiber prices showed varied regional and fiber-type trends. Hardwood fiber costs decreased slightly quarter-over-quarter but stayed higher than last year, while softwood fiber prices followed a similar trend with small drops from recent peaks. Trade activity slowed down, with global hardwood chip exports declining. China and Japan still dominated demand despite lower import volumes. Vietnam remained the top exporter, highlighting its increasing role in global fiber markets.
Global softwood lumber trade continued to decline in 2025, with export volumes significantly below historical averages. Demand waned in major markets such as the US and China, where import volumes saw notable drops. Conversely, the UK remained relatively stable, experiencing modest import growth driven by consistent demand. Nordic producers—especially Sweden and Finland—gained from this stability, boosting their export volumes and reinforcing their presence in global markets.
In H2 2025, biomass was among the top-performing segments, with global wood pellet exports rising due to increased demand in Europe and Asia. The UK maintained its status as the largest importer worldwide, while Japan experienced notable growth, reflecting ongoing investment in renewable energy. On the supply front, Vietnam’s rapid expansion over the last decade has reinforced its position as the key exporter of wood pellets. Additionally, strategic adjustments by major players—such as possible modifications to Canadian operations by a leading producer—indicate ongoing changes in the global pellet market.
Across timber, fiber, lumber, and biomass markets, the second half of 2025 reflects an industry in transition. Pricing recovery in some segments contrasts with weaker trade flows and ongoing regional imbalances.
As 2026 unfolds, market participants will be closely watching demand recovery, trade realignment, and policy developments shaping the future of forest products globally.
Read the full report to explore detailed data, regional breakdowns, and forward-looking insights from WoodMarket Prices.