Russian Log Exports Down, According to Recent ReportApril 9th, 2012 | Category: Industry News
Log exports from Russia have plummeted the past five years, according to a recent report from the Wood Resource Quarterly (WRQ). The group attributes the drop to the country’s implementation of a log export tariff of 25 percent in 2008.
Despite the decline, the WRQ reports that Russia is still the largest exporter of softwood logs in the world.
However, the WRQ predicts that this could soon change again, as when Russia was accepted into the World Trade Organization (WTO) in December 2011, one of the requirements for entry into the organization was that the country had to reduce export and import tariffs on forest products. According to the report, Russian officials are looking at lowering the tariffs on softwood logs from 25 percent to 15 percent for pine logs and 13 percent for spruce logs.
In addition to the lowering of the tariffs, the proposal also includes a volume quota for softwood logs, according to the WRQ. Below the quota limit, the new tariffs will apply, and for volumes above the quota, current tariffs will continue to be in effect.