Stumpage earnings 2018

Record-high felling volumes and growing stumpage prices raised stumpage earnings in 2018 close to the figures of record year 2007. Earnings totalled EUR 2.66 billion, of which private non-industrial forest owners accounted for EUR 2.32 billion. Of this amount, 83% came from standing sales, 12% from delivery sales and the remaining 5% comprised the value of wood sourced for private use. Stumpage earnings of forest industry companies and the state totalled EUR 0.33 billion.
Euro-denominated earnings increased by EUR 0.43 billion from the previous year, being EUR 0.16 billion higher than in record year 2007. In real terms, earnings increased by nearly 14%, falling short of 2007 by 14% when prices were converted using the wholesale price index.
Stumpage earnings were 30% higher than average during the preceding ten-year period. Earnings of private non-industrial forest owners were over one third higher, while those of forest industry companies and the state decreased by a couple of per cent.
The volume of felled pulpwood increased more than that of felled logs and, at long last, the stumpage prices of pulpwood increased clearly. Still, the proportion of logs from stumpage earnings increased by one percentage point to 69%. This proportion was 71% in private non-industrial forests and 60% in forests owned by forest industry companies or the state.
Spruce remained the most significant tree species, accounting for 46% of earnings. The role of spruce is emphasised in eutrophic forests in Southern Finland and in private non-industrial forests. In South Ostrobothnia and in Northern Finland, pine is clearly the most important tree species, accounting for 57–78% of earnings.
Assortment-specific information regarding Åland Islands is not published for reasons of data privacy. Information about gross stumpage earnings for the whole of Finland is available from databases of owner-specific gross and net stumpage earnings.
The sum of invested net stumpage earnings (gross stumpage earnings – investments into wood production) is based on an estimate.