Finland's trade in energywood in Jan.-June down 31% year-over-year; nearly half of energywood trade in Q2 was logging residues, the other half pruned stems, with price of logging residues up 16% from prior quarter, pruned stems down 21%: Luke

HELSINKI , August 15, 2022 (press release) –

Forests and forestry

Statistics

In April-June, the real price of pruned stems fell by 21 percent from the previous quarter in standing sale, and the price of logging residues rose by 16 percent. In January-June, the trade of energywood decreased by 31 percent compared to last year. The total volume was seven percent below the average of the previous three years.

• Half of energywood trade was pruned stems during the second quarter of 2022. In standing sales, the average price paid for it was EUR 6.1 per cubic metre. In real terms, it was 21 per cent less than in the previous quarter but the average price for the whole of last year was exceeded by 11 percent. In delivery sales the mean roadside price rose from the previous quarter by three per cent to EUR 29.6.
• Nearly half of the energywood trade were logging residues. The average price paid for logging residues was EUR 5.8 per cubic metre in standing sales. The real price increased by 16 per cent from the previous quarter and was 18 per cent higher than during the whole previous year. In delivery sales, the price rose nine percent from the beginning of the year to EUR 19.5.
• In total, 1.0 million cubic metres of energywood was included in the statistics during the second quarter of 2022. It was almost two-fifths less than one year before and seven per cent less than the average for the previous three years.
• During January–June, 1.7 million cubic metres of energywood was recorded in statistics. Trade declined by 31 per cent year-on-year and was seven per cent lower than the average for the previous three years. Compared to the previous three years, the trade in pruned stems decreased by two per cent and the trade in logging residues by seven per cent.

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. Before the first quarter of 2022, the wholesale price index was used in this calculation.

The recorded prices are based on prices entered in wood trade agreements. Any other increments and services related to wood trade are not included in the statistics. The prices do not include government subsidies.

The information is not rounded up to correspond to the total non-industrial private wood trade in Finland. This means that the published wood volumes represent only just over half of the energywood purchased from non-industrial private forests.

To view the original, which includes an omitted graph, on Luke's website, click here.

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