Stumpage earnings 2019

The decrease in felling volumes and standing sales prices reduced stumpage earnings as expected in 2019. Stumpage earnings totalled EUR 2.31 billion, i.e. the same amount as in 2017. Stumpage earnings of non-industrial private forest owners amounted to EUR 2.01 billion, while the earnings of forest industry companies and the state totalled EUR 0.30 billion.
Denominated in euro, earnings decreased by EUR 0.35 billion from the previous year, or by 16 per cent in real terms. Stumpage earnings were 10 per cent higher than on average during the preceding ten-year period. Compared to the ten-year period, earnings of non-industrial private forest owners were 14 per cent higher, while those of forest industry companies and the state decreased by 11 per cent.
In 2019, felling volumes of logs decreased by 12 per cent and those of pulpwood by four per cent. In real terms, the standing sales prices for softwood logs decreased by nearly eight per cent, while those for pulpwood remained almost at the level of the previous year. Earnings from logs decreased by 17 and earnings from pulpwood by three per cent in real terms. The proportion of logs from total earnings decreased from 69 to 66 per cent. This proportion was 67 per cent in non-industrial private forests and 55 per cent in forests owned by forest industry companies or the state.
Of different assortments, the felling volume of spruce logs decreased the most (-14 per cent), and the felling volume of spruce pulpwood also decreased significantly (-7 per cent). However, spruce remained the most important tree species in terms of earnings, while its proportion from total earnings decreased by two percentage points to 44 per cent. The role of spruce is emphasised in thick forests in Southern Finland and non-industrial private forests. In Southern Ostrobothnia and in the regions of Northern Finland, pine was clearly the most important tree species.
In terms of regions, stumpage earnings were the highest in Southern Savonia (EUR 248 million), Central Finland (EUR 228 million) and Northern Savonia (EUR 226 million). Earnings decreased in all other regions, apart from Ostrobothnia and the Åland Islands, with the decrease being steeper in Southern Finland than in Northern Finland, where the decrease in stumpage earnings was less than ten per cent.
Net stumpage earnings are preliminary estimates. Final data will be available in September.
Changes in the monetary value are based on the wholesale price index.