Global demand for goods teaches us a lot about the malleability of market trends and developments, as well as new opportunities that exist to service these markets. The forest products industry is no different; if we know where to look, markets for forest raw materials exist in every corner of the earth. The advent of the export wood pellet industry in the US South, for instance, is a market that has grown from zero in 2008 to 3.6 million tons in 2014 due to European demand.
This reality also holds true for the industry in Baltic States (Estonia, Lithuania, and Latvia), a region with a combined timber harvest of about 30 million cubic meters annually, which is roughly equal to the annual harvest in the state of Alabama in the US South. The Baltic States have developed foreign partnerships and established outlets for their wood raw materials, but due to limited in-country market availability and capacity, the forest products industry in the region thrives in large part due to this export dependency.