Estonia: Record prices for softwood logs in Q3/2021

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Fordaq
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The main keyword of the third quarter of the year in Estonia is very high prices for both softwood and hardwood log assortments. During the quarter, new price records were set in almost all assortments.

In the pulpwood market, prices have gradually improved and the price of birch wood can be considered good, and the price of aspen wood has also come out of the slump. The price of firewood has started to rise slightly at the end of the third quarter, but is still at a satisfactory and meager level at the end of September.

Compared to a year ago, the prices of softwood logs and pine logs have increased by 37-59%. By the end of the third quarter, the average price of pine logs has reached 109 € and on spruce logs over 104 € per cubic meter.

The average prices at the end of the third quarter of 2021 are as follows:

Average Prices in State-Owned Forests Free Alongside Forest Road(Prices in EUR/cubic meters with VAT)

Q3/2020 Q2/2021 Q3/2021 Change in % Q3/2020-Q3/2021 Change in % Q2/2021-Q3/2021
Pine sawlogs 78.02 104.01 109.05 +39.8% +4.8%
Pine sawlogs d<18cm 71.12 93.72 97.54 +37.1% +4.1%
Spruce sawlogs 65.73 99.77 104.67 +59.2% +4.9%
Spruce sawlogs d<18cm 62.61 91.65 97.78 +56.2% +6.7%
Birch veneer logs 112.50 113.65 123.55 +9.8% +8.7%
Birch sawlogs 73.46 69.65 80.86 +8.6% +16.1%
Aspen sawlogs 44.50 43.00 54.32 +22.1% +22.5%
Pine pulpwood 34.16 35.04 36.60 +7.1% +4.4%
Spruce pulpwood 33.96 34.13 35.80 +5.4% +4.9%
Birch pulpwood 39.88 41.83 45.80 +14.9% +9.5%
Aspen pulpwood 34.63 30.40 32.63 -5.8% +7.3%
Fuelwood 27.02 24.87 25.11 -7.1% +1.0%

Price source: Eramets

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