Trade of energywood, 3rd quarter 2024

Energywood prices rose in the third quarter, especially in standing sales. The average price for logging residues rose by 61% from the previous quarter to over EUR 14. Similarly, the standing sales price of pruned stems rose by eight percent to over EUR 26. 

More energywood was purchased in January-September than ever before. The volume was one third higher than a year ago.

Prices

• In the third quarter of the year, almost half of the trade in energywood was logging residues. The average price paid for logging residues in standing sales in the whole was EUR 14.4 per cubic metre. In real terms, this was 61% more than in the previous quarter and twice the average price for the whole of last year.
• In delivery sales the price for logging residues rose by 15 per cent from the previous quarter to EUR 36.0. Compared to last year's average price, the increase was 43%.
• Two fifths of the energywood trade were pruned stems. The average price paid for it in standing sales rose by eight per cent to EUR 26.2. This was 37% higher than last year's average price. 
• In delivery sales the mean roadside price of pruned stems remained at the previous quarter's level of EUR 46.2. That was five per cent more than the average price last year.

Trade volumes

• A total of 1.2 million cubic metres of energywood trade was recorded in the statistics in the third quarter. This was one fifth more than a year ago and almost half more than the average for the previous five years.
• In January-September, trade volumes reached a new record. The year-on-year figure was one third higher and the volume was three quarters higher than average for the previous five years. Compared to the average of the previous five years, the trade in logging residues was up 1.9 times and the trade in pruned stems 1.2 times.

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 third quarter of 2024, the annual increase in consumer prices was around one 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.