The total export value of Finland’s forest industry products in December 2024 amounted to Euro 0.94 billion, marking a 5% decline compared to the real monthly average for 2023, according to the Natural Resources Institute Finland (Luke). The export value of lumber increased by 4%, driven by rising prices, although export volume fell by 5%. The pulp and paper industry saw a 5% decrease in export volume, while its export value dropped by 3%.

In December, Finland imported 0.46 million m3 of wood, 10% more than the previous year's monthly average. Pulpwood imports remained stable compared to 2023 but increased by 3% relative to the monthly average. Log imports reached their highest level in 2024, exceeding the 2023 average by 58%. The import volume of wood chips also rose by 29%.

During the October–December 2024 period, the export value of forest industry products reached Euro 2.96 billion, averaging Euro 0.98 billion per month. This represented a 6% decline from the third quarter. Paper accounted for 20% of the total export value, paperboard 26%, pulp 24%, sawn timber 18%, and plywood 5%.

The wood products industry exports amounted to Euro 0.78 billion in the last quarter, increasing by 3% from the July-September value and nearly 9% year-over-year. Meanwhile, pulp and paper industry exports dropped to Euro 2.18 billion, down 9% from the previous quarter but up 4% compared to the same period in 2023. The real export value of paperboard stood at Euro 0.76 billion, declining 16% quarter-over-quarter but rising 10% year-over-year.

Finland imported 1.38 million m3 of wood in the last quarter of 2024, a 7% increase from the same period in 2023. Compared to the previous quarter, the volume remained nearly unchanged. Latvia accounted for 40% of the imports, Estonia 32%, and Sweden 14%. Pulpwood made up 57% of the imports, wood chips 29%, logs 2%, and by-products and firewood 12%.

Source:  Natural Resources Institute Finland