Finland's stumpage earnings totaled almost Euro 3.0 billion in 2023. Denominated in Euro, earnings increased by Euro 0.1 billion from the previous year and were the highest ever in Euro terms. In real terms revenues rise by 6% year-on-year but fell by a couple of precents compared to the average of the previous five years, when the change in the value of money was measured by the wholesale price index, according to Natural Resources Institute Finland (Luke).
Stumpage earnings of non-industrial private forest owners amounted to Euro 2.46 billion, while the earnings of forest industry companies and the state totaled Euro 0.49 billion.
In real terms, the stumpage income received by non-industrial private forest owners increased by 3% and the income received by the forest industry and the state by 20% from the previous year.
Logging volumes decreased by 9% and pulpwood by 8% from the previous year. The income was boosted by the rise in wood prices, which was between 7 and 20% for logs and as much as 28–34% for pulpwood.
The rise in pulpwood and energy wood prices was reflected in the share of timber species in income. The share of income from logs fell to 64% (-5 percentage points), pulpwood rose to 28% (+3 percentage points) and energy wood to 7% (+2 percentage points).
Spruce still generated the most income, but its share fell to 42% (-4 percentage points) and was only slightly higher than the share of income from pine.
