Stumpage earnings 2025

Stumpage earnings amounted to EUR 3.7 billion in 2025. This was a new record. In real terms, this stumpage earnings increased by 3 percent from the previous year. Roundwood trade was active in the first half of 2025, at the same time as the price level of roundwood was high. Although roundwood trade slowed down towards the end of the year and prices also fell, average prices for the whole year still remained high. High prices together with slightly higher than usual felling volumes are the reasons for the new record of stumpage earnings.

• Of the total stumpage earnings, non-industrial private forests accounted for EUR 3.1 billion (84%), and the remaining EUR 0.6 billion came from forests owned by the forest industry or the state.
• High roundwood prices increased the stumpage earnings received by forest owners. The price level of logs has the greatest impact on stumpage income. The real price of pine logs was 12 percent higher and that of spruce logs 9 percent higher than the average of the previous five years.
• Industrial roundwood removals increased by one percent compared to the previous year. Log harvesting decreased slightly and pulpwood harvesting increased.
• Logs accounted for 63% of the stumpage earnings, or EUR 2.3 billion, while pulpwood accounted for 29% of the stumpage earnings. 
• By region, the earnings were highest in North Savo (EUR 393 million), North Karelia (EUR 370 million) and Central Finland (EUR 352 million).  

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 between 2024 and 2025 was close to zero.