Stumpage earnings 2020

Gross stumpage earnings decreased for the second year in a row in 2020. Stumpage earnings totalled EUR 2.14 billion. The stumpage earnings of non-industrial private forest owners amounted to EUR 1.80 billion, while the earnings of forest industry companies and the state totalled EUR 0.33 billion.
Denominated in euro, earnings decreased by EUR 0.16 billion (–7%) from the previous year, declining by 4 per cent in real terms. The earnings were 1.5 per cent higher than the average for the preceding ten-year period.
The main reason for the decline in stumpage earnings was the decrease in felling volumes in non-industrial private forests by 10 per cent. At the same time, the felling volumes of logs clearly increased in forests owned by forest industry companies or the state. The stumpage earnings of non-industrial private forest owners decreased by 7 per cent in real terms from the previous year, while the earnings of forest industry companies and the state increased by 15 per cent.
The share of log trade in the stumpage earnings was 66 per cent. Logs accounted for 67 per cent of the earnings in non-industrial private forests. In forests owned by forest industry companies or the state, the share of earnings from logs remained at 62 per cent.
Spruce remained the most important tree species in terms of earnings (45%). The role of spruce is emphasised in the regions in Southern Finland with rich soil and in non-industrial private forests. In South and Central Ostrobothnia and Northern Finland, pine was clearly the most important tree species, accounting for 54–75 per cent of stumpage earnings.
By region, the earnings were highest in South Savo (EUR 230 million), Central Finland (EUR 221 million) and North Savo (EUR 212 million). The earnings declined in real terms in all other regions apart from Kainuu and Central Finland. The decline was greatest in South Karelia (–13%) and Kymenlaakso (–10%). In euros, earnings declined in all regions.

Net stumpage earnings (gross stumpage earnings – investments in wood production) are preliminary estimates. The final data will be available in September.
Changes in the monetary value are based on the wholesale price index. In 2020, wholesale prices decreased from the previous year.