Export value of Finland's forest industry products totaled €1.09B in May, taking year-to-date total to €5.30B; paperboard accounted for 26% of the Jan.-May total export value, pulp less than 25%, paper 21%, sawn goods 15%, plywood 5%

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HELSINKI , August 15, 2023 (press release) –

In May 2023 the exports value of forest industry products totalled EUR 1.09 billion which was in real terms 7% smaller the average monthly export value in 2022. Wood imports was 5% higher than the average from the previous year, 0.48 million cubic metres.

Wood imports

Of imported wood in May 62% was pulpwood and 23% chips. The share of logs was 1% and fuelwood a tenth. The remaining 5% consisted of by-products wood.
The import prices of pine and spruce pulpwood were around EUR 70 per cubic metre in May and increased slightly from previous month in real terms (deflated using wholesale price index, 1949=100). The price of birch pulpwood remained in EUR 77 per cubic metre. The import price of chips decreased from previous month almost by a tenth to EUR 78 per cubic metre but increased still a fair tenth from the previous year's average price.
In January-April wood imports totalled 2.54 million cubic meters. Of imported wood 35% originated from Estonia. The share of Latvia was 31% and Sweden 24%.

The volume of wood imports and change in May 2023
	May 2023	Compared to the average monthly import in 2022	January-May 2023	Compared to January-May 2022
	1,000 m³	%	1,000 m³	%
Total	483	5	2 544	5
Pulpwood	299	15	1 533	36
Chips	111	-16	611	-31
Logs	5	-42	56	-23
Other	68	13	344	-0

Exports of the forest industries

In January-May the exports value of forest industry products totalled EUR 5.30 billion. Of the exports value the share of paperboard was 26%, pulp less than a quarter and paper 21%. The share of sawn goods was 15% and plywood 5%.
The export price of sawn goods in May was EUR 242 per cubic metre. The price continued to rise slightly from the beginning of the year but was 18% lower in real terms than the average price of the previous year. The export price of plywood was EUR 766 per cubic metre in May and increased from previous year average monthly price 5%.
In May, the export price for bleached sulphate pulp was EUR 641 per tonne. In real terms the price decreased by a fifth from the peak price of the previous year, in November 2022, when a tonne of bleached sulphate pulp cost EUR 802. The export price of paperboard was EUR 956 per tonne and remained at the same level as the average prices of the previous year.

Real value, volume and change in May 2023 of the main forest industry exports products
	May 2023		Compared to average monthly exports in 2022
	value	volume	value	volume
	milj. €	1,000 *	%	%
FOREST INDUSTRY PRODUCTS	1 088	.	-7	.
Wood-products industries	302	.	-8	.
Sawn Goods	183	756	-12	7
Plywood	66	86	21	15
Pulp and paper industries	785	.	-6	.
Bleached sulphate pulp	212	330	3	18
Magazine paper	111	130	1	-1
Fine paper	61	51	-20	-24
Paperboard	294	307	-9	-9
	January-May 2023		Compared to January-May 2022
FOREST INDUSTRY PRODUCTS	5 304	.	-5	.
Wood-products industries	1 343	.	-31	.
Sawn Goods	814	3 584	-34	-2
Plywood	277	344	-5	-16
Pulp and paper industries	3 960	.	8	.
Bleached sulphate pulp	1 166	1 686	41	37
Magazine paper	506	570	31	16
Fine paper	330	274	77	59
Paperboard	1 393	1 425	-19	-20
*Wood-products industries 1,000 m³, pulp and paper industries products 1,000 t

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