Non coniferous roundwood market in Finland

Earlier Report Observations

The market for non-coniferous roundwood in Finland reached its highest volume in 2018 at 18.8 million cubic meters, driven by peak demand from the forest industry and increasing use of wood for energy, with notably high prices for birch pulpwood and logs. After a decline in 2019, market volume stabilized and grew slightly in 2020 to 17.5 million cubic meters, as domestic wood consumption for energy production rose, offsetting moderate supply chain disruptions from the pandemic.

Purchases of industrial roundwood from private forests surged in 2021, contributing to a market rebound to 18.5 million cubic meters, accompanied by rising log prices. However, the market contracted sharply in 2022 to 14.8 million cubic meters and further to 14.1 million cubic meters in 2023, primarily due to the halt of wood imports from Russia, which drastically reduced import volumes despite an increase in domestic harvesting.

In 2024, roundwood trade activity strengthened, with industrial wood trade volumes reaching the second-highest level on record at 48.8 million cubic meters, only 5% below the 2018 peak. Prices for birch logs and pulpwood rose by 11% and 17-20% respectively, and imports from Latvia grew by 43%, while state-owned enterprises continued to play a significant role in supporting demand through forest industry investments.

Production non coniferous roundwood in Finland

In kind, 2017-2020, K m³

Top producers of non coniferous roundwood, 2017-2020

World map of production of non coniferous roundwood, 2017-2020

Finland's non-coniferous roundwood production declined for the second year in a row. In 2020, production stood at 12 895 thousand cubic meters, marking a 6.3% decrease from the previous year. The highest production level was recorded in 2018 at 14 109 thousand cubic meters, which also saw the largest annual increase of 7.9%.

Annual dynamics of production in Finland in kind, 2017-2020, K m³

Exports non coniferous roundwood from Finland

Exports in kind, K m³

The export market displayed notable volatility during the observed period. Exports reached their lowest point in 2017 and peaked in 2018, with a 5.6-fold difference between these years. In 2020, Finland's non-coniferous roundwood exports totaled 74 thousand cubic meters, a sharp decline of 43.3% compared to 2019. The maximum export volume was recorded in 2018 at 199 thousand cubic meters, which also experienced the largest annual increase of 455.2%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K m³

From 2017 to 2020, the primary destinations for Finland's non-coniferous roundwood exports in volume terms were Sweden, accounting for 50.4% of exports, Poland with 29.3%, and Slovakia at 11.3%. Together, these three countries represented 90.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, M $ US

The export market in value terms showed significant fluctuations over these years. Exports hit their lowest point in 2017 and peaked in 2018, with a 4.7-fold difference between these two years. In 2020, the value of non-coniferous roundwood exports from Finland amounted to 5.1 million US dollars, reflecting a steep decline of 51.5% compared to 2019. The highest value was recorded in 2018 at 11.8 million US dollars, which also saw the largest annual increase of 374.7%.

Annual dynamics of product's exports from Finland in value, 2017-2020, M $ US

Between 2017 and 2020, the leading destinations for Finland's non-coniferous roundwood exports in value terms were Sweden, representing 47.0% of export value, Poland with 28.1%, and Slovakia at 10.4%. Collectively, these three markets accounted for 85.5% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports non coniferous roundwood to Finland

Imports in kind, K m³

In 2020, Finland's non-coniferous roundwood imports reached 4 714 thousand cubic meters, representing a 39.0% increase from the previous year. Over the period from 2017 to 2020, imports grew by 27.5%, with a compound annual growth rate of 8.4%. The lowest import volume was recorded in 2019 at 3 391 thousand cubic meters, while the highest was in 2018 at 4 888 thousand cubic meters. The largest annual decline occurred in 2019, dropping by 30.6%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K m³

From 2017 to 2020, Russia dominated Finland's non-coniferous roundwood imports in volume terms, consistently accounting for 85.6% of total imports. This indicates a high concentration on the Russian market, with the remaining share distributed among other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, M $ US

The import market in value terms exhibited an unstable trend throughout this period. Imports fluctuated between a low in 2017 and a high in 2018, with a 1.8-fold difference. In 2020, the value of non-coniferous roundwood imports into Finland was 231.1 million US dollars, a slight decrease of 1.4% from the previous year. The maximum value was recorded in 2018 at 300.9 million US dollars, which also experienced the largest annual increase of 77.3%. The largest annual decline occurred in 2019, falling by 22.1%.

Annual dynamics of product's imports to Finland in value, 2017-2020, M $ US

During the 2017–2020 period, Russia accounted for the majority of Finland's non-coniferous roundwood imports in value terms, representing 83.1% of total import value. The remaining share was fragmented among other markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020