Untreated timber: market overview at UEEX for October 28 - November 01, 2024
Last week, auctions at the Ukrainian Energy Exchange for untreated timber showed the following results:
- the volume put up amounted to 59,93 thousand cubic meters;
- 35,53 thousand cubic meters of timber were sold;
- the cost of wood sales amounted to UAH 95,62 million (including VAT);
- the state received additional income during the English auction in the amount of UAH 10,11 million (including VAT).
Untreated timber was sold by forestry enterprises from 9 regions of Ukraine. The largest volume was sold in Volyn region.
Distribution of uuntreated timber sales was as follows: 55% - firewood, 45% - round timber.
Round timber
During the reporting period, the Group sold 15,91 thousand cubic meters of round timber for a total amount of UAH 71,34 million (including VAT).
Pine, oak and spruce were the most popular species sold, with their share in the total structure amounting to 53,49%, 22,35% and 9,84%, respectively. We also sold such species as beech, alder, ash, hornbeam, birch and others.
The maximum increase from the starting price was recorded at 87%. Given that the auction step is 1%, the maximum number of steps was 87 for spruce, 74 for pine, and 70 for birch.
The graph shows the types of wood and their maximum values.
Firewood
During the reporting period, the volume of firewood sales amounted to 19,63 thousand cubic meters for the amount of UAH 24,28 million (including VAT).
The vast majority of firewood (96%) was sold for industrial use, while 4% was sold for non-industrial use.
Among firewood, pine and hardwood firewood were in the highest demand, accounting for 61% and 14%, respectively.
The graph below shows the structure of firewood sales by grade and species.
Price indices
Pine showed the largest upward trend among roundwood price indices, with a 23% increase and a price of UAH 3 526,67 per cubic meter including VAT.
In turn, the maximum decline was observed for oak. The weighted average price index amounted to UAH 22 535,38 per cubic meter including VAT, which is 24% less than last week.
Weighted average price index for timber, October 28 - November 01, 2024
| Breed | UAH/cubic meter (including VAT) |
|---|---|
| Silver birch | 3 063,43 |
| Forest beech | 3 625,10 |
| Black alder | 2 978,96 |
| Common oak | 22 535,38 |
| Common pine | 3 526,67 |
| European spruce | 3 221,82 |
| White fir | 2 592,50 |
| Common ash | 4 170,53 |
The price index for industrial firewood increased the most, reaching UAH 1 241,76 per cubic meter including VAT, which is 3% higher than in the previous period.
Among all types of firewood, the cost of firewood of the third group decreased the most, which now amounts to UAH 954,42 per cubic meter including VAT, which is 23% less than the previous figure.