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 d<18cm||71.12||93.72||97.54||+37.1%||+4.1%|
|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%|
Price source: Eramets