Untreated timber: market overview at UEEX for August 7 - 11, 2023

On the Ukrainian Energy Exchange, untreated timber was sold by forestry companies from 7 regions of Ukraine. The largest volume was realized in the Ivano-Frankivsk region.

The following results were achieved during the week at UEEX auctions in the direction of untreated timber:

• the exhibited volume of untreated timber was 46.14 thousand cubic meters;
• 21.85 thousand cubic meters of untreated timber were sold;
• the value of the sale of wood amounted to UAH 56.07 million (including VAT);
• the state received an additional income of UAH 1.07 million (including VAT) more than the initial value of untreated timber put up for auction.

Last week, untreated timber was sold in Ivano-Frankivsk, Kyiv, Zhytomyr, Khmelnytskyi, Chernivtsi, Ternopil, and Kirovohrad regions.

Pines, hardwoods, and spruces were sold the most, where the share of their sales in the overall structure was 23.6%, 17.5%, and 16.3%, respectively. There was also sell of such species as conifers, fir, birch and others.

The graph below shows the structure of wood sales by the largest regions.

The maximum increase from the starting price was recorded at the level of 68%. Considering that the auction step is 1%, the maximum number of steps was for ash – 68, oak – 38, pine – 27.

The graph shows wood species and their maximum values.

Index of weighted average prices for timber, for the period August 7 - 11

Index of weighted average prices for firewood, for the period August 7 - 11