Stumpage earnings 2024

Stumpage earnings totalled EUR 3.6 billion in 2024. In real terms, this represents an increase of 15% compared to the previous year, exceeding the previous peak in 2007. In euro terms, revenue increased by EUR 0.5 billion.

• Of total stumpage earnings, non-industrial private forests accounted for EUR 3.0 billion (84%) and forests owned by the forest industry or the state for EUR 0.6 billion (16%).
• The increase in stumpage earnings was driven by higher wood prices. Pulpwood prices in standing sales increased by 17–20% in real terms. Softwood logs prices increased by 6-7%, and energy wood prices rose by an average of 42%.
• In 2024, commercial fellings of industrial wood increased by a total of 2% compared to the previous year, which also had a positive impact on the development of stumpage revenues. Sawlog harvests increased by five percent and energy wood by nine percent. For pulpwood, the harvesting volume remained at the previous year’s level.
• Logs accounted for 63% of the stumpage earnings, or EUR 2.3 billion, while pulpwood accounted for 29% and energy wood for 8% of the stumpage earnings. The shares of pulpwood and energy wood increased by one percentage point, as their prices rose more than those of logs.
• By region, the earnings were highest in North Savo (EUR 379 million), North Karelia (EUR 358 million) and South Savo (EUR 345 million).
• Stumpage earnings increased in all regions of Mainland Finland, except Satakunta. The relative increase in the stumpage revenue was highest in Northern Finland. In Kainuu, income increased by 31%, in North Ostrobothnia by 28% and in Lapland by 19% compared to the previous year.

Background information about the statistics

The statistics present gross stumpage earnings by region, owner group and assortment. The earnings are calculated based on the removals of industrial and energy wood, the volumes of wood felled for uses of non-industrial private forest owners, and standing sales prices.

Stumpage earnings are recorded in the statistics database at nominal, or fair, prices valid at the time in question. However, annual changes in stumpage earnings are examined in the texts and graphs in real terms by eliminating the change in value using the cost-of-living index (1951:10=100). Based on the cost-of-living index, the inflation rate was roughly two per cent in 2024. 

Data corrected on 6 May 2026. Read more: Changes and corrections to stumpage earnings statistics