Untreated timber: market overview at UEEX for September 30 - October 4, 2024

Forestry enterprises from 5 regions of Ukraine sold untreated timber at the Ukrainian Energy Exchange. The largest volume was sold in Ivano-Frankivsk region.

The following results were achieved during the week at the UEEX untreated timber auction:

• the exhibited volume of untreated timber amounted to 42.93 thousand cubic meters;
• 14.75 thousand cubic meters of untreated timber were sold;
• the cost of timber sales amounted to UAH 37.90 million (including VAT);
• the state received additional income during the English auction by UAH 955.69 thousand (including VAT) more than the initial value of untreated timber put up for auction.

Last week, untreated timber was sold in the following regions Ivano-Frankivsk, Khmelnytsky, Chernivtsi, Ternopil and Kyiv regions.

Spruce, hardwood and fir were sold the most, with their share of sales in the total structure amounting to 45.06%, 28.12% and 10.23%, respectively. We also sold such species as beech, pine, oak, ash, soft-leaved and others.

The graph below shows the structure of timber sales by major regions.

The maximum increase from the starting price was 47%. Given that the auction step is 1%, the maximum number of steps was 47 for oak, 35 for spruce, and 30 for fir.

The graph shows the types of wood and their maximum values.

Birch showed the largest upward trend among roundwood price indices, with a 22% increase and a price of UAH 3,996.92 per cubic meter including VAT.

In turn, the maximum decline was observed for pine. The weighted average price index amounted to UAH 2,401.08 per cubic meter including VAT, which is 8% less than last week.

The price index for third-grade firewood increased the most, reaching UAH 1,158.80 per cubic meter including VAT, up 34% year-on-year.

Among all types of firewood, the cost of firewood of the second group has decreased the most, and now amounts to UAH 986.43 per cubic meter including VAT, which is 19% less than the previous figure.