In 2018, stumpage earnings grew to EUR 2.66 billion. According to the stumpage earnings statistics of the Natural Resources Institute Finland (Luke), earnings rose by 14 per cent in real terms from the previous year and were nearly a quarter higher than the average for the preceding five-year period.
Lead paragraph of the press release issued on 18 June 2019 at 9 am revised on 18 June at 2 pm. The press release issued in the morning incorrectly stated that the increase in real terms was 12 per cent.
Private non-industrial forest owners and communities accounted for 86 per cent of the earnings, at EUR 2.32 billion. Of this amount, private non-industrial forest owners accounted for over 90 per cent by estimate, based on the volume of growing stock. Stumpage earnings of forest industry companies and the state totalled EUR 0.33 billion. Logs accounted for 70 per cent of stumpage earnings, and the most significant tree species was spruce, accounting for 46 per cent.
– Earnings increased for the fourth year in a row and almost attained the record levels of 2007. According to Esa Uotila, a research scientist at Luke, the amount was higher in euros, but with changes in the value of money taken into account, the record year was still 14 per cent higher.
The increase was due to record-breaking felling volumes and growing stumpage prices. The volume of felled logs increased by roughly 10 per cent from the previous year, and that of felled pulpwood by roughly 13 per cent. In real terms, stumpage prices for softwood logs increased by more than five per cent, and pulpwood prices by roughly five per cent from the previous year.
The highest earnings were in Savonia and Central Finland
Stumpage earnings were the highest in Southern Savonia (EUR 329 million), Central Finland (EUR 267 billion) and Northern Savonia (EUR 264 million). These regions accounted for a third of the stumpage earnings despite the fact that they cover a quarter of the total forest area of Finland.
Stumpage earnings as part of the national accounts
The gross stumpage earnings are calculated by multiplying the felling volume by standing sales prices. In addition to the earnings from selling wood, the value of wood sourced for private use by the forest owners is also counted as earnings. Among other things, the gross stumpage earnings statistics are used in calculations for the national accounts and as background information for decision-making in the forest sector. The statistics database of Luke (stat-luke.fi/) includes statistics of stumpage earnings since 1990.