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Volumes and prices in roundwood trade 2022

Published 21.2.2023

The nominal average prices of all log and pulpwood assortments purchased from non-industrial private forests increased markedly in 2022. Because of exceptionally high inflation, however, the prices of roundwood increased only by one per cent on average in standing sales and by two per cent in delivery sales from the previous year in real terms. The volume of wood trade decreased by 12 per cent but remained at a high level.

  • In 2022, the average price paid for spruce logs purchased from non-industrial private forests in standing sales was EUR 71.3 per cubic metre, and the average price paid for pine logs was EUR 67.0 per cubic metre. The prices increased by one per cent from the previous year in real terms.
  • In pulpwood standing sales, the average price of spruce was EUR 21.9, and the average price of pine and birch was EUR 19.8 per cubic metre. The price of birch rose by four per cent, while the changes in the spruce and pine prices were less than one per cent.
  • In 2022, pulpwood accounted for two thirds of the total delivery sales volume. The average delivery prices of pulpwood increased by four to five per cent at the annual level and varied between EUR 35.6 and 36.7, depending on the tree species.
  • In Luke’s wood trade statistics, price changes are examined in real terms so that past nominal prices are converted into current prices by means of the cost-of-living index. In 2022, the annual inflation rate rose to more than seven per cent, meaning that the changes in prices in real terms were that much smaller than the nominal changes.
  • In 2022, a total of 41.9 million cubic metres of industrial roundwood purchased from non-industrial private forests were recorded in the wood trade statistics. Of this volume, standing sales accounted for 88 per cent, and delivery sales for 12 per cent. Of all assortments, spruce logs were purchased most, accounting for a quarter of the total volume. Pine pulpwood accounted for less than a quarter, and pine logs for a fifth. Logs and small-diameter logs accounted for half of all trade, while the proportion of pulpwood was slightly smaller.
  • The volume of wood trade decreased by 12 per cent from the previous year. However, wood trade remained at a high level and was three per cent below the average for the previous five years.  Log trade decreased by 17 per cent, and pulpwood trade by seven per cent, from the previous year.

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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 2022, the average inflation rate was around seven 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.

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