Zhang Hongchao, director of the Forest Products Quality Supervision Station of Shaanxi Province, said that if COVID-19 continues to spread globally, the costs of felling, processing, logistics and other links from the source will increase layer by layer, and the increase in the price of logs will inevitably affect the terminal and wood operations In all industries, price increases will follow. It is expected that there will be a certain increase in wooden products in the second half of the year. It is expected that domestic wooden furniture products will increase by about 20%, and imported wooden furniture products will increase by 15% -30%.
 
Russia's Far East log exports fell 27.4% from January to February.

Yuri Trutnev, the Deputy Prime Minister of the Russian Federation and the Plenipotentiary of the President in the Far Eastern Federal District, convened a conference on stimulating the development of the forest industry in the Far East to discuss issues such as forest export quotas and deep processing of timber.

It was mentioned at the meeting that the volume of log exports in 2019 fell by 25% (from 6 million cubic meters in 2018 to 4.5 million cubic meters in 2019), while the output of major forest products increased. Among them, sawn timber output increased by 13%; plywood output increased by 32%; biomass fuel particles increased by 24%; pulp output increased by 11%; paper and cardboard increased by 24%; furniture output increased by 7%.

 
European and American market demand interrupted, Vietnam's timber and wood products exports will decline sharply in the next three months.

Vietnam Timber and Forest Products Association's latest forecast predicts that Vietnam ’s exports of timber and wood products in the next three months will be significantly affected by COVID-19.