The main findings are:
• Coniferous standing sales prices in
• The average price per cubic metre overbark standing was Ј6.19 in nominal terms (Ј5.10 in 1996 prices) in the year to September 2004.
• The Softwood Sawlog Price Index was 0.1 per cent lower in real terms in the year to September 2004, compared with the previous year.
Coniferous Standing Sales Price Index (per cubic meter)
|
Year to: |
Average price |
Real average price (1996 prices) |
Laspeyre’s index in nominal terms (year to sept 1996 = 100) |
Laspeyre’s index in real terms (year to sept 1996=100) |
|
Sept 1996 |
15.97 |
15.97 |
100 |
100 |
|
March 1997 |
15.92 |
15.69 |
96.77 |
95.37 |
|
Sept 1997 |
15.52 |
15.11 |
94.53 |
92.06 |
|
March 1998 |
13.35 |
12.83 |
82.33 |
79.12 |
|
Sept 1998 |
10.32 |
9.77 |
64.11 |
60.70 |
|
March 1999 |
8.44 |
7.88 |
51.13 |
47.77 |
|
Sept 1999 |
7.65 |
7.06 |
46.20 |
42.65 |
|
March 2000 |
8.13 |
7.43 |
49.75 |
45.48 |
|
Sept 2000 |
8.02 |
7.30 |
48.84 |
44.44 |
|
March 2001 |
7.54 |
6.81 |
45.44 |
41.06 |
|
Sept 2001 |
8.32 |
7.43 |
49.94 |
45.65 |
|
March 2002 |
7.34 |
6.47 |
43.22 |
38.10 |
|
Sept 2002 |
6.38 |
5.52 |
36.61 |
31.71 |
|
March 2003 |
5.69 |
4.85 |
33.67 |
28.62 |
|
Sept 2003 |
5.08 |
4.26 |
30.35 |
25.50 |
|
March 2004 |
5.60 |
4.65 |
32.63 |
27.06 |
|
Sept 2004 |
6.19 |
5.10 |
35.35 |
29.10 |
Softwood Sawlog Price Index
|
Year to: |
Price index (year to sept 1996=100) |
Price index in real terms (year to sept 1996=100) |
|
Sept 1996 |
100.0 |
100.0 |
|
March 1997 |
104.7 |
103.1 |
|
Sept 1997 |
101.1 |
98.4 |
|
March 1998 |
90.0 |
86.5 |
|
Sept 1998 |
80.7 |
76.5 |
|
March 1999 |
78.1 |
72.9 |
|
Sept 1999 |
76.8 |
70.9 |
|
March 2000 |
83.9 |
76.7 |
|
Sept 2000 |
81.6 |
74.3 |
|
March 2001 |
81.6 |
73.8 |
|
Sept 2001 |
75.5 |
67.5 |
|
March 2002 |
75.3 |
66.4 |
|
Sept 2002 |
72.4 |
62.7 |
|
March 2003 |
72.8 |
62.1 |
|
Sept 2003 |
69.9 |
58.7 |
|
March 2004 |
70.3 |
58.3 |
|
Sept 2004 |
71.3 |
58.7 |
The Coniferous Standing Sales Price Index (CSSPI) is an index of the average prices per cubic meter over bark standing achieved for Forestry Commission standing sales of conifers. It covers all conifer standing sales (open market and negotiated) on the Forestry Commission estate over the twelve month period. All thinning and clear fell data is combined within the index. It includes all species, tree sizes, working practices and conditions on the Forestry Commission estate. It does not include any private sector data.
Calculation
The index uses the 12 month period ending September 1996 as the base. The index is constructed using the Laspeyres method, which corrects distortions in the average price caused by variations in average tree size. This enables prices in different years to be compared on the basis of a constant size mix (the size mix in the base year), but does not consider possible changes in quality or working conditions. The average prices and the index are expressed in nominal terms (i.e. the actual prices at the time of sale) and in real terms (i.e. the prices converted to 1996 prices by removing the effects of general inflation).For the real average price and for the index in real terms, the GDP (Gross Domestic Product at market prices) deflator, which is published by the Office for National Statistics (ONS), is applied to the prices to remove the effects of general inflation.
Revisions
Figures for earlier years may be revised to reflect late updates to administrative
systems. Previous real terms standing sales figures may be subject to minor changes depending on revisions to the GDP deflator by ONS.