Stumpage earnings 2021 (preliminary)

According to preliminary data, stumpage earnings totaled EUR 2.7 billion. Denominated in euro, earnings increased by EUR 0.6 billion from the previous year and by 17 percent in real terms. Earnings were 10 percent higher than the average for the preceding five-year period. Only in the peak years of 2007 and 2018 were revenues higher in real terms than in 2021.
Stumpage earnings of non-industrial private forest owners amounted to EUR 2.37 billion, while the earnings of forest industry companies and the state totaled EUR 0.36 billion.
The main reason for the increase in stumpage earnings was that felling volumes of logs in non-industrial private forests increased by almost 30 percent, but the increase in stumpage prices also increased income. The stumpage earnings of non-industrial private forest owners increased by 21 percent from the previous year, but the earnings of forest industry companies and the state decreased by 1 percent.
Felling volumes of logs increased by more than 20 percent from the previous year, and those of pulpwood by 5 percent. The share of log trade was 71 percent of the stumpage earnings (+4 percentage points). Logs accounted for 73 percent of the earnings in non-industrial private forests and 61 in forests owned by forest industry companies or the state.
Spruce remained the most important tree species in terms of earnings (47%). The increase from the previous year was 3 percentage points. The role of spruce is emphasized in thick forests in Southern Finland and non-industrial private forests. In Southern Ostrobothnia and Northern Finland, pine was clearly the most important tree species, accounting for 55–78 percent of stumpage earnings.
The amount of investments used in the calculation of net stumpage earnings (gross stumpage earnings minus investments in wood production) is based on an estimate.
Changes in the monetary value are based on the wholesale price index. Wholesale prices increased by approximately 9 per cent in 2021 from the previous year.