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Forestry as an investment 2021 (provisional)

Published 23.3.2022
  • According to preliminary data, investment returns on wood production were 12% in 2021. Compared with the previous year, returns increased by 9 percentage points, while being 6 percentage points higher than on average during the previous five years.
  • Returns on wood sales accounted for +3.9 percentage points of the returns and wood production subsidies covered +0.1 percentage points. The decrease in standing sales prices accounted the returns by +7.0 percentage points and the value of net increment of growing stock +1,3 percentage points. Total wood production costs reduced the returns by -0.5 percentage points.
  • In terms of regions, returns on wood production ranged from 9% to 16% in Mainland Finland.
  • The change in standing sales prices increased returns in all regions.
  • Net increment of growing stock had a negative impact on returns in three regions. This means that the value of trees felled in the area was higher than the value of trees that grew in their place.
  • In the calculation of returns, income, costs and the value of net increment are proportional to the previous year’s stumpage value calculated on the basis of the timber volumes of standing trees and the stumpage prices of assortments. In 2020, the stumpage value was approximately EUR 53 billion. According to preliminary data, the stumpage value was EUR 57 billion in 2021.
  • The nominal values have been converted into real values using the cost-of-living index. 
  • Data from 2019–2021 is preliminary. 
  • Disclosure of statistics 14.9.2022 has been moved due to challenges in the production process. The new release date is 19.10.2022.
Investment return in wood production

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