Round timber prices keep declining

07.04.2017

According to the latest data of the Central Statistical Bureau (CSB), compared to the 1st half of 2016, in the 2nd half the average purchase prices of round timber kept declining, moreover, price drop has been recorded for the three recent years.Within the coniferous tree sector, the greatest reduction was observed in purchase prices of pine sawlogs in diameter under 14 cm, within deciduous tree sector – in purchase prices of birch sawlogs in diameter 18–24 cm.

Reduction still recorded in purchase prices of coniferous sawlogs

Compared to the 1st half of 2016, in the 2nd half the most notable decline within the coniferous tree sector was observed in purchase prices of pine sawlogs in diameter under 14 cm (of 7 % or on average 3 euros/m3 (excluding VAT)) and of that in diameter 14–18 cm (6 % or on average 3 euros/m3 (excluding VAT)). The smallest reduction was recorded in purchase prices of pine sawlogs in diameter 18–26 cm (of 2 % or on average 1 euro/m3 (excluding VAT)) and in purchase prices of spruce sawlogs in diameter 18–26 cm (1 %). No changes were registered in purchase prices of pine sawlogs in diameter exceeding 26 cm (65 euros/m3 (excluding VAT)), spruce sawlogs in diameter under 14 cm (56 euros/m3 (excluding VAT)) and spruce sawlogs in diameter exceeding 26 cm (67 euros/m3 (excluding VAT)). The only increase was recorded in purchase prices of spruce sawlogs in diameter 14–18 cm (of 4 % or on average 2 euros/m3 (excluding VAT)).

Average purchase prices of coniferous tree sawlogs, euros/m3 (excluding VAT)

 

1st half of 2014

2nd half of 2014

1st half of

2015

2nd half of

2015

1st half of

2016 

2nd half of

2016

Pine sawlogs

 

 

 

 

 

 

 in Ø under 14 cm

50.2

48.3

48.3

46.1

46.1

43.1

 in Ø14–18 cm

69.7

69.4

67.8

63.9

60.3

56.9

 in Ø 18–26 cm

73.6

72.3

66.1

64.6

62.8

61.5

 in Ø exceeding 26 cm

78.5

74.5

71.9

69.2

64.7

64.5

Spruce sawlogs

 

 

 

 

 

 

 in Ø under 14 cm

52.6

48.1

51.7

46.5

56.4

56.2

 in Ø 14–18 cm

71.2

70.1

67.3

65.9

59.3

61.5

 in Ø 18–26 cm

74.0

72.3

70.9

66.4

66.9

66.5

 in Ø exceeding 26 cm

75.1

74.3

68.9

67.2

67.5

67.4

 

Sharpest increase and decrease recorded in birch sawlog prices

Compared to the 1st half of 2016, in the 2nd half the greatest drop within the coniferous round timber sector was registered in purchase prices of birch sawlogs in diameter 18–24 cm (of 7 % or on average 3 euros/m3 (excluding VAT)). The smallest decline was observed in purchase prices of asp sawlogs in diameter 18–24 cm and that in diameter exceeding 24 cm – of 4 % or 1 euro/m3 (excluding VAT) and 1 %, respectively. The average purchase prices of black alder in diameter 18–24 cm grew by 1 %, while that of black alder in diameter exceeding 24 cm by 9 % or 3 euros/m3 (excluding VAT). Within the deciduous round timber sector, the greatest rise was registered in purchase prices of birch sawlogs in diameter exceeding 24 cm – of 8 % or 5 euros/m3 (excluding VAT).

Compared to the 1st half of 2016, in the 2nd half the average purchase prices of birch veneer logs of category A fell by 8 euros/m3 (excluding VAT) or 7 %. The average purchase prices of birch veneer logs of category B rose by 3 % or on average 2 euros/m3 (excluding VAT). Compared to the 1st half of 2016, the average purchase prices of deciduous tree packing timber increased by 6 % or 2 euros/m3 (excluding VAT).

Average purchase prices of deciduous sawlogs, veneer logs and packing timber,euros/m3 (excluding VAT)

 

1st half of

2014

2nd half of 2014

1st half of

2015

2nd half of 2015

1st half of

2016

2nd half of 2016

Birch sawlogs

    

 

 

  in Ø 18–24 cm

53.2

55.5

49.4

49.3

46.5

43.1

  in Ø exceeding 24 cm

64.6

65.2

62.5

62.9

62.2

65.7

Black alder sawlogs

    

 

 

  in Ø 18–24 cm

37.1

34.9

37.0

37.8

33.5

33.7

  in Ø exceeding 24 cm

39.5

42.2

44.2

42.3

35.5

38.5

Asp sawlogs

    

 

 

  in Ø 18–24 cm

38.3

36.5

34.4

36.0

36.0

34.6

  in Ø exceeding 24 cm

43.7

44.6

43.9

42.8

42.5

42.1

Birch veneer logs

 

 

 

 

 

 

  Category A

76.8

86.6

88.7

89.2

101.0

93.5

  Category B

62.7

63.9

64.4

60.5

58.4

60.3

Packing timber

36.5

36.8

35.9

31.4

31.5

33.3

Data source: CSBdatabase, MSG06. Average purchase prices of wood

Compared to the 1st half of 2009 when due to the economic crisis timber purchase prices reached the lowest level, in the 2nd half of 2016 the greatest increase was recorded in the average purchase prices of spruce sawlogs in diameter under 14 cm – of 124 % or on average 31 euros/m3 (excluding VAT). Purchase prices of pine sawlogs have grown by 54–60 %, while that of other spruce sawlogs by 53–61 %.

Over the seven recent years, the average purchase prices of veneer logs of category A rose by 97 % or on average 46 euros/m3 (excluding VAT), and that of veneer logs of category B by 52 % or on average 21 euros/m3 (excluding VAT). Purchase prices of birch sawlogs in diameter exceeding 24 cm grew by 77 % or on average 29 euros/m3 (excluding VAT). Compared to the 1st half of 2009, in the 2nd half of 2016 the average purchase prices of deciduous tree packing timber increased by 51 % or 11 euros/m3 (excluding VAT). The average purchase prices of asp sawlogs went up by 36–38 %. Within the deciduous tree sector, the smallest rise was recorded in purchase prices of black alder sawlogs in diameter 18–24 cm (of 1 %), whereas purchase prices of black alder sawlogs in diameter exceeding 24 cm fell by 1 %

More information on round timber purchase prices is available in the CSB database section Forestry.

 

 

Media requests:
Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366621, +371 27880666
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More information on data:
Ilva Graudiņa
Environment and Energy Statistics Section
E-mail: Ilva [dot] Graudina [at] csb [dot] gov [dot] lv
Phone: +371 67366744