Volumes and prices in roundwood trade, 7/2024

Data corrected 30.8.2024.

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

In July, wood trade was conducted at exceptionally high prices. In standing sales, the price increase came to a halt, but in delivery sales prices continued to rise. 

Volumes were higher than usual in July, as they were half bigger than the average of the previous five years. Cumulative timber trade volumes for January-July were five* percent higher than last year and almost* one-fifth above the average for the previous five years.

Timber prices

• In standing sales in July, the average price of spruce logs fell to just under EUR 83, while the price of pine logs remained close to EUR 80 per cubic metre. The average price level for the whole of last year was exceeded by more than 10% in real terms. The price of birch logs remained at EUR 67.
• Standing sales prices for pulpwood also came to a halt. However, the average price of spruce remained above EUR 34, while birch and pine were around EUR 33. These prices ended up 24-28% above last year's level.
• In delivery sales of pulpwood, prices continued to rise at exceptionally high levels. The price of spruce rose to almost EUR 53, while birch and pine went for almost EUR 52 per cubic metre. Average prices rose by two to three percent from June, ending up 10-14% above last year's level.

Average timber prices and their real changes, July 2024

Trade volumes

• Timber trade slowed down as usual in July, but the volumes of timber trade were still well above the normal July volumes. Last year's figures doubled, and the average for the previous five years were exceeded by half.
• The cumulative volume of timber trade in January-July was five* per cent higher than last year. The average purchase volumes of the previous five years were exceeded by 18%*, the trade in logs by 21%* and in pulpwood by 11%.

*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 July 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.