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Round timber procurement prices continue to decline

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to the first half of 2015, average purchase prices of round timber in Latvia continue to reduce in the second half of 2015. The sharpest reduction in coniferous tree segment was recorded in purchase prices of spruce logs in diameter up to 14 cm, while in deciduous tree segment – in purchase prices of black alder logs in diameter over 24 cm.

The most significant decline among coniferous tree saw logs was recorded in purchase prices of spruce logs in diameter up to 14 cm – of 10 % or on average of EUR 5/m3 excluding VAT, purchase prices of spruce logs in diameter 18–26 cm – of 6 % or on average of EUR 5/m3 excluding VAT, and purchase prices of pine logs in diameter 14–18 cm – of 6 % or on average of EUR 4/m2 excluding VAT. The smallest reduction was observed in purchase prices of pine logs in diameter 18–26 cm and spruce logs in diameter 14–18 cm and in diameter exceeding 26 cm – of 2 %, according to data from the Central Statistical Bureau of Latvia.

Compared to the first half of 2015, in the second half of 2015 in deciduous tree segment the greatest rise was recorded in purchase prices of asp logs in diameter 18–24 cm – of 5 % or EUR 2/m3 excluding VAT and purchase prices of black alder logs in diameter 18–24 cm – of 2 % or EUR 1/m3 excluding VAT. Whereas the sharpest decline was observed in purchase prices of black alder logs in diameter over 24 cm – of 4 % or EUR 2/m3 excluding VAT and in purchase prices of asp logs in diameter over 24 cm – of 2 % or EUR 1/m3 excluding VAT.

Purchase prices of birch logs in diameter 18–24 cm and in diameter over 24 cm have stayed at previous level – EUR 49/m3 and EUR 63/m3, respectively.

In the second half of 2015, average purchase prices of veneer logs of category B have decreased by 6 % or EUR 4/m3 excluding VAT. Average purchase prices of veneer logs of category A did not change and comprised EUR 89/m3 excluding VAT. Compared to the first half of 2015, average purchase prices of deciduous tree packing timber have reduced by 14 % or EUR 4/m3 excluding VAT.

During the last seven years, purchase prices of pine saw logs have went up by 69–84 %. More notable price rise was recorded in time periods 2009–2010 and 2013–2014. While starting from the first half of 2014, purchase prices of pine are falling. The sharpest drop was observed in purchase prices of pine logs in diameter over 26 cm – compared to the first half of 2009, in the second half of 2015 the rise constituted 74 % or EUR 28/m3 excluding VAT. During the last six years, in coniferous tree segment the smallest increase was recorded in purchase prices of spruce logs in diameter over 26 cm – of 61 %.

Compared to the first half of 2009, when due to economic crisis purchase prices of timber reached the lowest level, in the second half of 2015 average purchase prices of birch logs in diameter over 24 cm increased by 65 % or on average by EUR 40/m3 excluding VAT and of logs in diameter 18–24 cm – by 34 % or on average by EUR 25/m3 excluding VAT. During the last seven years, average purchase prices of veneer logs of category A went up by 78 % or EUR 39/m3 excluding VAT and average purchase prices of veneer logs of category B – by 63 % or EUR 21/m3 excluding VAT. Compared to the first half of 2009, in the second half of 2015 average purchase prices of deciduous tree packing timber rose by 30 % or EUR 7/m3 excluding VAT.

Ref: 102.109.109.7863


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