Global timber and wood products market update: European sawlog prices 4Q 2016

Sawlog prices in Europe have been trending downward over the past three years from their record high levels in 2014. The biggest price drops have occurred in the Nordic countries and in Central Europe, while the log costs have fallen slightly less for sawmills in Eastern Europe.

The European Sawlog Price Index (ESPI-€) in the 4Q/16 was 6.6 % below its peak in 2014. Sawlog prices in Sweden, Finland and Norway are currently at their lowest levels in over ten years in their local currencies despite healthy lumber markets for sawmills in the region and high production levels. In Germany and Austria there has been a slight increase in sawlog prices during 2016, but prices are still close to their lowest they have been since 2010.

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