Finland imported 5.8 million m3 of roundwood and forest industry by-products in 2022, down 54% from 2021; 54% of imported wood was pulpwood, 29% chips, 3% logs; export value of forest industry products totaled €14.7B: Luke

Sample article from our Forestry & Timberland

October 5, 2023 (press release) –


The volume of wood imports dropped to 5.8 million cubic metres in 2022, decreasing by more than a half from the previous year. Forest industry exports from Finland decreased in real terms by 7% to EUR 14.7 billion (deflated using wholesale price index, 1949=100). 

Wood imports

  • A total of 5.8 million cubic metres of roundwood and forest industry by-products was imported to Finland, which is 54% less than in the previous year. Of the wood imported, 54% was pulpwood, 29% chips and 3% logs.
  • Russia’s share of wood imports dropped 26%. Due to sanctions, wood imports from Russia practically stopped in July. The share of Estonia rose to 23% and Latvia to 21%. From Sweden came 19% of imported wood.

Exports of the forest industries

  • The value of exported forest industry products totalled EUR 14.7 billion in 2022. Due to high inflation, this was 7% less than in the previous year in real terms, even though the nominal export earnings increased. The forest industry accounted for 18% of the total value of Finland’s goods exports.
  • Of the forest industry’s export earnings, 61% came from Europe and 21% from Asia. The most important trading partners were Germany (12% of export earnings), China (9%) and the United States (8%).
  • The most important product group for exports was paperboard, which accounted for 27% of the forest industry’s export earnings. Paper covered 21% and pulp a fifth, and the share of sawn goods was 18%.
  • The wood-products industries’ export earnings were EUR 4.1 billion, which was 11% less than in the previous year in real terms. A total of 8.6 million cubic metres of sawn goods were exported, only slightly lower than in the previous year. The real value of sawn goods exports decreased by 16% to EUR 2.6 billion. The export volume of plywood decreased by 6% to 0.9 million cubic metres, while the value of the exports increased by 3% to EUR 0.7 billion.
  • The export earnings of the pulp and paper industries decreased by 6% in real terms to EUR 10.6 billion from previous year. The export value of bleached sulphate pulp remained at EUR 2.6 billion, even though the volume decreased by 7%. The volume of magazine paper exports decreased by more than a quarter, but the value only dropped by 6% to EUR 1.4 billion. The export volume of fine paper decreased by 42% and value by 22% to EUR 1 billion. The export value of paperboard increased by 1% to EUR 4.0 billion and the export volume decreased by 1%.

To view the original on Luke's website, including any omitted graphs, click here.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order forestry & timberland coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.