Stumpage earnings 2022

Data corrected on 6.2.2024. 
Read more on the Changes and corrections in the statistics.

Forest owners’ stumpage earnings reached €2.8 billion in 2022. In euro terms, revenue rose by EUR 0.2 billion from the previous year, its highest ever. However, due to the fall in the value of money, forest owners’ real income fell by 12% from the previous year and by 8% from the five-year average.

• Private non-industrial forest owners received most of the stumpage income, i.e. EUR 2.43 billion. The forest industry and state forests generated a total of €0.41 billion.
• The increase in stumpage earnings in euros was due to a 6–11% rise in stumpage timber prices. Industrial roundwood removals fell by a few percentage points, as the long strike at UPM at the beginning of the year reduced demand for wood.
• In real terms, the stumpage income received by non-industrial private forest owners decreased by 13%, and the stumpage income received by the forest industry and the state from forests by 2%, from a year ago.
• 70% of the stumpage income was generated by the log trade. In private forests, logs accounted for 71% of income, and in the forest industry and state forests, for 63%.
• Spruce continued to generate the most income, and its share was 47%. The role of spruce is emphasised in thick forests in Southern Finland and non-industrial private forests. In Northern Finland and Southern and Central Ostrobothnia, pine was clearly the most important tree species, accounting for 54–74% of stumpage.
• By region, the highest income was received from North Savonia (€304 million), South Savonia (€291 million), and North Karelia and Central Finland (€268 million). In real terms, income decreased in all regions, but most in North Ostrobothnia (-20%). 
• 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 20 per cent in 2022 from the previous year.