Firms That Have Made an Investment in Estonia Could Be on to a Winner

Firms that have made an investment in Estonia could be on to a winner, as the timber-rich nation is set to experience spiralling demand for wood. Analysts at Frost & Sullivan have predicted that the need for the material will expand considerably due to an increasing number of global building projects. Researcher Gaurav Vyas has suggested wood will be needed for flooring, structural panels and load bearing in the near future. Such is the anticipated rate of demand, the firm has indicated North American and European engineered wood markets could claw in revenue of $55.6 billion (£ 34.36 billion) by 2016. This is considerably more than the $24.4 billion achieved across the industry in 2009. "Europe has the highest level of penetration for engineered wood products in industrial applications and the ones that benefit from this trend are particleboard, medium density fibreboard and plywood, " commented Mr Vyas. The importance of Sweden to the Estonian timber trade was highlighted earlier this week, as the Scandinavian country accounts for 18 per cent of all exports from the Baltic nation. This news item is brought to you by KMS Baltics in conjunction with Fest-Forest and EST KINNISVARA. Baltic forestry and property specialists. Source: kms.ee