Trade of energywood, 2nd quarter 2024

More energywood was purchased in the first half of the year and in the second quarter than ever before. In the second quarter of the year, energywood prices rose especially in standing sales. In these purchases, the average price of logging residues was 23% higher than last year's average and the price of pruned stems 27% higher.

Prices

• In the second quarter of the year, almost three-fifths of the trade in energywood was logging residues. The average price paid for logging residues in standing sales was EUR 8.9 per cubic metre. Compared to the previous quarter, the average price rose by 28% in real terms and by 23% compared to the whole of last year.
• In delivery sales the price for logging residues rose by 5% from the previous quarter to EUR 31.4.
• One quarter of the energywood trade was pruned stems. The average price paid for it in standing sales rose to EUR 24.3. This was 10% more than at the beginning of the year and 27% higher than the average price for the whole of last year.
• In delivery sales the mean roadside price of pruned stems rose by two per cent from the previous quarter to EUR 46.5. That was five per cent more than the average price last year.

Trade volumes

• A total of 2.5 million cubic metres of energywood trade was recorded in the statistics in the second quarter of the year. This was the highest volume for a single quarter in the history of statistics since 2014. The year-on-year figures were exceeded by half and purchases doubled compared to the average of the previous five years.
• In January-June, trade volumes also reached a new record level. This was 38% higher than last year and 90% higher than the average for the previous five years. Compared to the previous five years, trade in logging residues was more than double and trade in pruned stems was 1.3 times as higher.
• The volume of unpruned stems purchased for energy has increased significantly this year. In the first half of the year, it accounted for one sixth of the total trade in energywood.

Background information on the statistics

Unit prices in roundwood trade are recorded in the statistical database at the fair prices valid each time. However, price changes 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). In the second quarter of 2024, the annual increase in consumer prices was around two per cent. 

The recorded prices are based on prices entered in wood trade agreements between the buyers and sellers. Any other increments and services related to wood trade are not included in the statistics. The prices do not include government subsidies. 

The information is not rounded up to correspond to the total non-industrial private wood trade in Finland. This means that the published wood volumes represent only just over half of the energywood purchased from non-industrial private forests. The coverage of the statistics varies slightly.