Economic recovery in Europe, including demand for materials, is expected to gradually take hold. The fallen Euribor is expected to support construction and development activities, and with continued inflation, a slight increase in wood prices in Estonia is likely to occur from the second quarter, predicts Toomas Pärtel, the head of Puumarket, a timber and building material business selling goods wholesale and retail in Estonia and Scandinavia. Currently, the price of construction wood is nearly 50% lower than in 2022, and the prices of general construction materials have remained stable over the past year.

Between December 2023 and December 2024, log prices in Estonia remained stable for spruce and rose by 2-4 % for pine and birch. On average for 2024, prices for softwood logs fell by around 10% and for hardwood logs by around 20%.