Volumes and prices in roundwood trade, 6/2024

Data corrected 30.8.2024.

Read more on the page Changes and corrections in the statistics.

In June, wood trade prices continued to rise in record level and volumes remained high.

Monthly real prices for pine and birch pulpwood were the highest in the 30-year history of the statistics. In standing sales, average log prices were last at this level in 2007 and 2008.

The volume of roundwood trade in June was one third higher than a year ago. The cumulative volume of timber trade in the first half of the year was down by 1% from last year's level and was 15% above* the average of the previous five years.

Timber prices

In standing sales in June, the average price of spruce logs exceeded EUR 83 and pine logs almost EUR 80 per cubic metre. These average prices were up 2% on May and exceeded the average for the whole of last year by more than 10% in real terms. The price of birch logs rose to over EUR 67.
Prices for all logs have risen to exceptionally high levels. Similar average standing sales prices were las recorded in 2007-2008.
Standing sales prices for pulpwood also continued to rise. Spruce prices approached EUR 35, while birch and pine prices were around EUR 33. Prices rose by 5% from May, ending 25-28% above last year's average prices.
The monthly statistics, which started in 1995, have never seen such high real prices for pine and birch pulpwood before, and spruce prices were last at the same level in 2007.
In delivery sales of pulpwood, the price of spruce exceeded EUR 51, while the price of birch and pine was around EUR 50. The last time the price of spruce pulpwood was at this level was in 2008, while such high monthly prices have never been recorded for birch and pine.

Average timber prices and their real changes, June 2024

	June 2024	Compared to the previous month	Compared to the previous year as a whole
	€/m³	%	%
Standing sales
Pine logs	79,90*	2	12
Spruce logs	83,31*	2	11
Birch logs	67,36*	1	16
Pine pulpwood	32,48*	5	28
Spruce pulpwood	34,57*	5	25
Birch pulpwood	33,40*	5	27
Delivery sales
Pine pulpwood	49,90	2	10
Spruce pulpwood	51,40	3	9
Birch pulpwood	50,20	1	7

Trade volumes

The volume of timber trade in June remained above normal, although it was down by more than a fifth from May. Last year's June figures were exceeded by a third and the average for the previous five years by 10%.
The cumulative volume of timber trade in January-June was 1% lower* than last year. The average purchase volumes of the previous five years were exceeded by 15%, logs by 18% and pulpwood by 8%*.

*Information corrected 30.8.2024.

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 June 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.

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.