Finnish timber trade keeps prices high in July, indicating stabilization

Posted on August 26, 2024   |  

In July, the Finnish wood trade maintained high prices, with delivery sales continuing to increase, though standing sale prices stopped rising.

Timber trade volumes in July were 50% above the 5-year average.

From January to July, volumes were 6% higher than last year and 19% above the 5-year average.

Spruce logs in standing sales averaged just under €83 per m³, and pine logs were close to €80.

Pulpwood prices in standing sales held steady, with spruce above €34 and birch and pine around €33 per m³, up 24-28% from 2023.

Delivery sales of pulpwood kept rising, with spruce near €53 and birch and pine just below €52 per m³, showing a 2-3% increase from June and standing 10-14% higher than last year.

Despite the usual summer slowdown, July's timber trade volumes were still much higher than usual, doubling compared to July last year and 50% above the 5-year average.

Logs traded from January to July were 22% higher than the five-year average, while pulpwood trades were up by 11%.

In June, Finland’s roundwood harvest increased by 4%, though it was still below the 5-year average, and pulpwood imports dropped by 38% in H1 2024, while wood chip imports grew by 4%.