Russian Forestry and Wood Supply Operations Analysis slide image

Russian Forestry and Wood Supply Operations Analysis

WOODWORKING Diagram 3. OSB factory projects in Russia Novovyatsky ski-complex Hillman 2011 2012 Working mills Cap. 1000 M³ 700 WOODWORKING Diagram 5. Import of OSB to Russia in the 1st half of 2013 and in the first half of 2014 in kind mill $USA Diagram 6. OSB imports to Russia in the 1st half of 2013 and in the first half of 2014 in monetary terms Tblc.M³ 300,0 Swiss Krono 600 Kastamonu 550 100,0 26,5 90,0 8,6 9.7 4,2 4,5 11,9 80,0 3.1 250,0 500 1,2 STOD 70,0 4,3 1,3 22 14,4 66,0 200,0 56,9 450 60,0 17,1 17,2 50,0 150,0 400 65,3 81,5 Kranospan Egorevsk 40,0 21,6 Kronospan Egorevsk 21,6 1st stage 2nd stage 100,0 Kronospan Ufa 350 30,0 20,0 50,0 97,0 91,0 DOK Kalevala Baikalsky DOK 300 31,2 26,4 10,0 1st stage 0,0 250 0,0 LPK Partner-Tomsk Ugra Plit 1st half 2013 1st half 2014 DOK Kalevala 1 2nd stage 200 Krestetsky LPK 150 Romania Latvia ■Germany Poland Canada ■Ireland China Others 1st half 2013 ■Romania Latvia ■Germany Poland 1st half 2014 Canada Ireland ■China Others Source: Customs declarations, estimates of WhatWood Mariinsky plinty kombinat 100 2013 2014 2015 2016 Projects close to commissioning 2017 RosAgroUlyanovsk Projects under construction or active planning 2018 50 Source: WhatWood, 2014 Note: The commissioning dates of the factories and their rated capacities were taken from press releases of the companies and from WhatWood Exports The most expensive and high-quality boards on the Russian market are imported from Germany. Canadian and especially Chinese boards are considered economy-class products. The Romanian and Latvian products are located in the middle price segment, where boards from the Russian factory Kalevala compete with them. Imports from Romania grew last year due to an increase in the capacity of the Egger and Kronospan factories. The latter completed an investment project worth of 40 million euros at the factory in Brasov in September 2013 and doubled OSB capacity to 600,000 m³. Because of that, Kronospan partially transferred deliveries from its Bolderāja facility in Latvia to the Romanian company, which resulted in a reduction of imports from Latvia. Deliveries from Belarus and Ukraine may be potentially attractive for Russian importers. In 2012, production was started at Krono-Ukraine, and in August 2014, the Kronospan OSB factory in Mogilev, Belarus, began pilot production with Diagram 7. Production of plywood in China in 1974-2013 an output of 300,000 m³ per year. It immediately began searching for regional exclusive distributors in Russia (diagrams 5 and 6). Prospects for OSB development The recovering wooden house market in the US has begun to generate high demand for OSBS on the North American continent. It is logical to assume that in order to maintain sufficient margins, the US and Canadian manufacturers of wood boards will ship the products to the local OSB with a capacity of 130,000 m³. The factory is capable of manufacturing chipboards on the same line. The total value of the project amounted to 1.8 billion roubles. In 2014, the holding company Kronospan launched the fourth OSB factory in Russia with a capacity of 350,000 m³ in Yegoryevsk, a Moscow satellite town. The company intends to expand production at this site up to 700,000 m³ and is trying to find a solution of the problem at the site for the construction of the second line. Consumption According to our observations, as the position of OSB is strengthening in the Russian market of building materials and structures and as the product is better recognized by consumers, the scope of application is expanding (diagram 4). Redecoration of rooms and premises, including blocks of flats, is becoming an important area. However, the consumption of OSB is directly dependent on the state of the construction sector which is the main driver of demand for the boards. Diagram 4. Volume of OSB consumption in Russia in 1997-2014 Production 1 000 m³ 900 800 700 Imports 600 500 400 300 200 100 0 1997 1998 1999 2000 2001 2002 2003 2004 42 #6 (2015) RUSSIAN FORESTRY In 2013, the OSB exports from Russia amounted to about 7,900 m³. The entire volume was delivered to Commonwealth of Independent States (CIS) countries by the Novovyatsky Ski Factory and by rare traders. Probably, Russian manufacturers will continue to consider the possibility of OSB exports to Central Asia in the same way that producers of chipboards and fiberboards have proceeded. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Imports Despite OSB production in Russia, imports continue to meet the main demand of the consumers. In 2013, deliveries from abroad increased by 23% to 695,000 m³ as compared to the level of 2012. In the first half of 2014, the imports were 283,600 m³, which is 3.4% less than in the first half of 2013. According to preliminary estimates, volumes of imports will drop in 2014, with the main reason being the devaluation of the national currency and, as a consequence, the rising cost of importers' foreign currency contracts. An equally serious reason is the substitution of Russian factories' products for imported boards. Source: Pöyry Management Consulting In imports, the Kronospan group dominates, and mainly supplies the boards from a factory in Brasov, Romania, and from the Latvian company Bolderaja. Other big suppliers are Egger (a Romanian factory in Radauti), Glunz (Germany), Norbord and Louisiana-Pacific (both from Canada). 1,000 m³ 50 000 45 000 40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 0 The production of plywood in China almost doubled for 10 years to 44.7 million m 3 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 6662 2000 2000 2001 2001 2002 21 589 ZOOZ 2003 9002 1002 2006 2007 44 681 Source: UNECE/FAO TIMBER database, 2014 RUSSIAN #6 (2015) 43 FORESTRY
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