Roundwood coniferous market in Finland

Earlier Report Observations

From 2018 to 2020, the coniferous roundwood market volume in Finland declined from 55 million m³ to 47.6 million m³. A sharp recovery followed in 2021, with volume surging by 12.5% to 53.5 million m³, driven by a significant increase in demand from private forests where trade grew 47% compared to the previous year.

After the 2021 peak, market volume moderately decreased in 2022 and 2023, reaching 50.5 million m³ in 2023. The market has been consistently shaped by the dominant role of state-owned companies and large forest industry players, which influence both demand and supply dynamics.

In 2024, trading activity for coniferous roundwood remained robust, with reported trade volumes approximately 20% higher than in 2023 and prices showing a slight upward trend.

Production coniferous roundwood in Finland

In kind, 2017-2020, K m³

From 2017 to 2020, Finland held the 7th position globally in the production of coniferous roundwood.

Top producers of coniferous roundwood, 2017-2020

World map of production of coniferous roundwood, 2017-2020

Coniferous roundwood production in Finland fell for the second year in a row. In 2020, Finland produced 47 222 K m³ of coniferous roundwood, marking a 5.4% decrease compared to the previous year. Over the period from 2017 to 2020, production dropped by 5.9%, which translates to an average annual decline of 2.0%. The highest production level was in 2018, reaching 54 180 K m³. The most significant decrease occurred in 2019, with a 7.9% drop, while the largest increase was also in 2018, at 7.9%.

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

In value, 2017-2020, M $ US

In 2020, the value of coniferous roundwood output in Finland was 3 986 M $ US, down 20.7% from 2019. Between 2017 and 2020, production value fell by 19.3%, with a compound annual growth rate of -6.9%. The peak value was recorded in 2019 at 5 030 M $ US. The biggest increase happened in 2019, rising by 2.7%.

Annual dynamics of production in Finland in value, 2017-2020, M $ US

Exports coniferous roundwood from Finland

Exports in kind, K m³

In 2020, Finland exported 1 199 K m³ of coniferous roundwood, an 11.7% increase year-over-year. From 2017 to 2020, exports grew by 29.5%, averaging an annual rise of 9.0%. The highest export volume was in 2018 at 1 321 K m³. The largest decline occurred in 2019, with an 18.7% drop, while the biggest increase was in 2018, surging by 42.7%.

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

Between 2017 and 2020, Sweden was the primary buyer of coniferous roundwood from Finland, accounting for 73.8% of total exports in volume, with other partners holding relatively smaller shares.

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

Coniferous roundwood shipments from Finland abroad declined for the second consecutive year. In 2020, Finland exported 101.2 M $ US worth of coniferous roundwood, a modest 6.4% decrease from 2019. Over the 2017-2020 period, exports increased by 11.2%, with an average annual growth rate of 3.6%. The maximum value was in 2018 at 119.4 M $ US. The largest decline was in 2019, falling by 9.4%, while the biggest increase was in 2018, up by 31.2%.

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

From 2017 to 2020, Sweden (53.7% of exports by value), the United Kingdom (8.1%), and Egypt (6.2%) led the list of buyers for coniferous roundwood from Finland, together making up 68.0% 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 coniferous roundwood to Finland

Imports in kind, K m³

The market showed volatility during these years, with a 1.9-fold difference between the peak in 2018 and the low in 2017. In 2020, Finland imported 1 538 K m³ of coniferous roundwood, a 4.4% increase from 2019. The highest import volume was in 2018 at 2 101 K m³. The largest decline occurred in 2019, dropping by 29.9%, while the biggest increase was in 2018, rising by 85.7%.

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

Between 2017 and 2020, Russia (44.1% of imports by volume), Estonia (24.7%), and Latvia (11.2%) were the main sources for coniferous roundwood imports into Finland, collectively representing 80.0% of total import flows.

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

Market performance exhibited noticeable fluctuations over the period, with a 2.2-fold variation from the high in 2018 to the low in 2017. In 2020, coniferous roundwood deliveries to Finland totaled 93.4 M $ US, a 22.9% decrease compared to 2019. The maximum value was in 2018 at 156.3 M $ US. The largest increase was in 2018, jumping by 121.2%.

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

Throughout 2017-2020, Russia (42.3% of imports by value), Estonia (24.8%), and Latvia (11.6%) played key roles in the value of coniferous roundwood imports to Finland, together accounting for 78.8% of total flows.

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

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