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Roundwood prices in Estonia have continued to decline in November 2020 still being under the influence of the Covid-19 pandemic and the price pressure of the bark beetle infestation in Central Europe

Pine sawlogs could be bought for EUR 67.91/m3 in November 2020, which is a 5% decrease as compared to November of last year and a 2.41% decrease over October 2020.

Also, the price for spruce sawlogs dropped down to EUR 55.31/m3, 14% less than November 2019 and almost a 5% drop as compared to the previous month.

The price of birch decreased by -8% compared to October 2020.

Among the pulpwood assortments, the price for pine dropped by almost 18% over November 2019, but has increased by 9% compared to October 2020.

The price for spruce pulpwood also dropped by -20% as compared to November 2019.

Average roadside prices of sales from the Estonian state forests on country level (EUR/m³, under bark, excl. VAT) 
November 2019  October 2020 November 2020 Change in % November 2019/ November 2020 Change in % October 2020/ November 2020
Sawlogs
Pine 71.68 69.64 67.91 -5.25% -2.41%
Spruce 63.35 57.13 54.42 -14.09% -4.74%
Birch 66.30 70.20 64.42 -2.98% -8.23%
Pulpwood  
Pine 30.95 23.45 25.47 -17.70% +8.61%
Spruce 30.57 24.50 24.53 -19.75% +0.20%
Birch 34.98 33.48 33.56 -4.05% +0.23%

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