Volumes and prices in roundwood trade, 10/2023

The fall in standing sales prices continued in October. Average prices for spruce and pine logs fell by 2% compared to September and pulpwood prices fell by the same amount. The price of birch logs rose by 1%.

Since June, the volume of timber trade has been almost a third lower than in the previous year. However, due to a busy start to the year, more timber was traded in January-October than in previous years.

Timber prices

• The average price paid for spruce logs in standing sales in October was EUR 70.1 per cubic metre, and the average price for pine logs was EUR 66.0. These prices fell by 2% from September and ended up 7% below the average prices for the whole of last year in real terms.
• The average price of birch logs for the whole country was EUR 59.9. It was 1% more than in September and 17% higher than the average for the whole of last year.
• Standing sales prices for pulpwood continued to fall. Compared to the previous month, they fell by 1–2%, but were still 13–21% above last year's average prices. The average price of spruce fell to EUR 26.3, birch to EUR 25.1 and pine to EUR 23.9 per cubic metre.
• In delivery sales, average prices for pulpwood fell slightly from September, ending at EUR 45–47. Average prices for the whole of last year were exceeded by 16–18%.

Average timber prices and their real changes in private forests, October 2023

Trade volumes

• In October, the volume of industrial roundwood purchased from private forests was 23% lower than last year and 27% per cent below the average for the previous five years.
• In January-October, timber trade was 6% higher than a year ago and 1% higher than the average for the previous five years. Compared to the previous five years, trade in logs was up 2% and trade in pulpwood was down 1%.

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. In October 2023, the annual increase in consumer prices was around five 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.

Wood trade data for statistics are provided by the largest buyers of wood and forest management associations. As the information is not rounded up to correspond to the total non-industrial private wood trade in Finland, the published wood volumes only represent about 90 per cent of the wood purchased by forest industries from non-industrial private forests.