In the first quarter, the prices of softwood logs in Estonia continued to grow. The biggest increase was in the price of spruce logs.
The average price of spruce sawlogs increased from the average level of 72.2 € / m3 in the fourth quarter by 6.8% in the first quarter, reaching an average price of 79.3 € / m3. The prices of hardwood logs have fallen somewhat during the quarter.
There have been only small fluctuations in pulpwood prices during the quarter. The price of spruce pulpwood alone changed by more than a euro in three months, falling by about 4% by the end of the quarter.
The price of firewood fell to its lowest level in the last 43 months during the quarter, at an average price of 23.55 € /m3 by the end of the quarter.
The average prices at the end of the first quarter of 2021 are shown in the table below:
|Average Prices in State-Owned Forests Free Alongside Forest Road
||Prices in EUR/cubic meters in VAT|
|Pine sawlogs d<18cm||81.0|
|Spruce sawlogs d<18cm||74.9|
|Birch veneer logs||113.7|