Finland's wood imports down 40% in 1Q

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In the first quarter of the year, Finland's wood imports totalled 1.87 million cubic meters and decreased by 40% from same period previous year. Of imported wood 45% was pulpwood, 41% chips and 3% logs. Compared to the same period previous year the imports of pulpwood decreased by 48%. The imports of chips decreased by 32% and logs 56%, according to Finland's Natural Forest Institute (Luke).

In March Finnish wood imports totalled 0.41 million cubic meters and was the lowest monthly import volume in the 21st century.

Of imported wood in January-March 72% originated from Russia, 12% from Estonia and 8% from Latvia. Wood imports from Russia decreased by 39% compared to the same period previous year.

In January-March 2022 the exports value of forest industry products totalled in real terms EUR 3.21 billion and decreased from previous year by 3% (deflated using wholesale price index). The exports value of forest industries was EUR 1.14 billion in March, Luke reports. 

At the same time the exports value of wood-products industries was EUR 1.11 billion and increased by 25% in real terms compared to previous year. The exports value of sawn goods increased by 22% and volume was unchanged. For plywood the exports value increased by 9% and volume decreased by 2%.


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