Untreated timber: market overview at UEEX for October 14 - 18, 2024
Over the last week, the following results were achieved on the Ukrainian Energy Exchange in the untreated timber segment:
- the exhibited volume of untreated timber amounted to 39.28 thousand cubic meters;
- 15.08 thousand cubic meters of untreated timber were sold;
- the cost of timber sales amounted to UAH 45.48 million (including VAT);
- the state received additional income during the English auction in the amount of UAH 2.38 million (including VAT).
Forestry enterprises from 8 regions of Ukraine sold untreated timber at the UEEX. The largest volume was sold in Khmelnytsky region.
Round timber accounted for 43% of the total volume of timber sold.
Round timber
During the reporting period, we sold 6.47 thousand cubic meters of round timber worth UAH 34.36 million (including VAT).
Pine, oak and spruce were sold the most, with a share of 32.24%, 26.05% and 25.38% in the total structure, respectively. Also sold such species as alder, beech, hornbeam, birch, ash and others.
The maximum increase from the starting price was recorded at 37%. Given that the auction step is 1%, the maximum number of steps was 37 for pine, 35 for oak, and 17 for spruce.
The graph shows the species of wood and their maximum values.
Firewood
During the reporting period, the volume of firewood sales amounted to 8.51 thousand cubic meters for the amount of UAH 10.80 million (including VAT).
Of the total amount of firewood, 69% was sold for industrial use and 31% for non-industrial use.
Last week, hardwood and coniferous species were in the highest demand among firewood, accounting for 56% and 16% respectively.
The chart below shows the structure of firewood sales by grade and species.
Price indices
Spruce showed the biggest upward trend among round timber price indices, with a 23% increase and a price of UAH 2,873.87 per cubic meter including VAT.
In turn, the maximum decline was observed for birch. The weighted average price index amounted to UAH 2,279.02 per cubic meter including VAT, which is 38% less than last week.
Weighted average price index for timber, October 14-18, 2024
| Species | UAH/cubic meter (including VAT) |
|---|---|
| Silver birch | 2 279,02 |
| Forest beech | 3 496,97 |
| Black alder | 2 689,74 |
| Common oak | 22 815,38 |
| Common pine | 3 043,63 |
| European spruce | 2 873,87 |
| White fir | 2 616,61 |
| Common ash | 4 361,33 |
The price index for non-industrial firewood of the first group increased the most, reaching UAH 1,315.76 per cubic meter including VAT, which is 42% higher than in the previous period.
Among all types of firewood, the cost of firewood of the second group has decreased the most, and now amounts to UAH 900.00 per cubic meter including VAT, which is 9% less than the previous figure.