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European sawlog prices down

European sawlog prices down

Measured at the roadside in US Dollars, European sawlog prices continued their downwards trajectory over the last year, with just a small number of notable and relevant exceptions.  Baltic Pine sawlog prices fell as low as USD51/m3 in Norway in March Quarter 2016, having collapsed 16.1% since march Quarter 2015. This was the largest recorded movement in a market that is faced decidedly downwards.

The chart below displays the recent history of Baltic Pine sawlog prices from major producer nations. Estonian prices are notably lagging by a quarter.

fig16

To go straight to the dashboard and take a closer look at the data, click here.

While the Norwegian price has plummeted, all other countries have headed lower over the year. The table below details the current prices and the extent of the price declines.

Country USD/m3 – MQ’16 % Change on MQ’15
Sweden USD55 -4.3%
Finland USD62 -4.8%
Norway USD51 -16.1
Lithuania USD62 -14.3%

 

The pricing situation, showing declines that on average appear to be between 4% and 15% over the course of the year, is similar for Baltic Region Spruce sawlogs, but less pronounced for the region’s Birch sawlogs. Charts and data for these grades are available from the FWPA data dashboard. 

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