Exchange details

Timber Exchange trade statistics November of 2022

2022 12 12
  • In November, State Forest Enterprise (SFE) announced 124 auctions. They offered a total of 84.02 thousand. m³ of timber products. Compared to October, the amount of timber offered increased by 137%, and the share of timber sold decreased by 13%. Auctions were organized by 25 units of SFE.
  • The wood SPOT index recorded an index value of 77.74 Eur/solid m³. Comparing the value of the index with the corresponding period last year, a growth of 40% is visible. Compared to October, the index fell by 10%.
  • Significant price changes in November were recorded in assortments of sawn logs (class B/C), packing logs and firewood. The price of sawn logs (B/C) fell by 21% from 130 Eur/ktm to 102.76 Eur/ktm, the price of packing logs fell by 11%, from 90.88 Eur/ktm to 80.95 Eur/ktm and the price of firewood fell by 11% from 80.11 Eur/ktm to 71.57 Eur/ktm.
  • Price growth of 6%, from 80.11 Eur/ktm to 71.57 Eur/ktm – occurred only in the range of paper logs.

Baltpool Timber Price (SPOT) Index

Trade in TOP timber assortments in ETTS short-term auctions

Trade in TOP assortments in ETTS short-term auctions

Assortments Quantity, solid m3 Change in quantity per month Quantity percentage in the scope of TOP 5 assortments Price, Eur/solid m3 Change in price per month Change in price per year
Baltpool Timber Spot index Index 24 525 -15% 83.2%        77.73 10.9% 40%
PJ (spruce, pine, birch); B/C; St,Vd; L2, L3 1 355 2911% 6% 102.76 -26% 3%
PJ (spruce, pine, birch); D; St,Vd; L2, L3 12 015 -22% 49.0% 82.35 -8% 9%
TR (deciduous, conifers) 7 035 37% 28.7% 80.89 -11% 8%
PP (spruce, pine, birch) 650 79% 3% 95.29 6% 108%
PM, ML (class II and III calorific value) 3 470 53% 14% 71.57 -11% 97%
Felling residues, covered felling residues 31.00 0,37% (22.58 Eur/m3)

Trade in regional units of the State Forest Enterprise in short-term auctions

Timber assortments sold at ETTS short-term auctions


KA – felling residues; KAD – covered felling residues; KAK – felling residues at cleared space; KL – hard leafy short timber; ML – firewood; PM – panel timber; PJ – sawn logs; PP – pulpwood; TR – packing logs; St – large-sized timber, small-end diameter ≥32 cm; Vd – medium-sized timber, small-end diameter 20-31 cm; Sm – small-sized timber, small-end diameter ≤19 cm; L1 – assortment length class, ≤2.9 m; L2 – assortment length class, 3.0 – 3.9 m; L3 – assortment length class, 4.0 – 6.0 m; L4 – assortment length class, 6.1 – 8.9 m.

Global timber market

Lumber prices, based on the NASDAQ Lumber Index (LBS), hit their lowest point since mid-June 2020. “Lumber prices are driving housing economic activity a year ahead. We are optimistic that the US economy will improve through 2023. which means that wood prices should be very low now. If this happens to be true, the demand for timber will start to increase. Then the issue of supply can pose challenges” Shawn Hackett, president of commodities researcher Hackett Financial Advisors, wrote in a recent research note. A Forbes correspondent recently reported that Russia and its ally Belarus account for 12.2% of the world’s timber exports. Russia’s military campaign against Ukraine, coupled with the assessment of sanctions imposed by the West on Russia and its allies, could limit timber supplies around the world for some time to come. Key drivers of timber market trends: Strong housing demand next year, combined with reduced global supply, may mean that current timber prices have bottomed out, with further growth expected.

The COP27 United Nations climate change conference in Egypt ended somewhat late due to disagreements over the final text. The final text reiterates the need by 2030 to reduce greenhouse gas emissions by 43% compared to 2019 level, and this fully coincides with the commitments given last year in Glasgow (COP26).

The Forest and Climate Leaders Partnership (FCLP) was launched at COP27. It brings together 26 countries and the EU, which account for more than 33% of the world’s forests, to contribute to the 2030 goal of stopping deforestation and land degradation while ensuring sustainable development. The countries’ partnership will build on the Glasgow Leaders’ Declaration on Forests and Land Use, launched by more than 140 countries. During the announcement of the partnership it was stated that public donors have already spent $2.67 billion. USD of 12 billion USD allocated to forest protection and restoration last year. Another 4.5 billion USD was allocated from public and private donors. This will have an impact on timber production: The European Sawmill Organization (EOS) expects softwood sawnwood production from its member countries to decrease by -2.3% to 84 million m3 in 2022. The highest recorded production was in 2021 – 86 million m3 according to EOS data, and in 2023 it is expected that production may decrease by another -1.3%, compared to 2022.