Untreated timber sales results at UEEX for March 2023

Forestry enterprises from 12 regions of Ukraine sold untreated timber at Ukrainian Energy Exchange. The largest volume was sold in Kyiv region.

The following results were achieved in the untreated timber segment at UEEX auctions over the month:

• the exhibited volume of untreated timber amounted to 834,31 thousand cubic meters;
• 539,76 thousand cubic meters of untreated timberd were sold;
• the cost of timber sales amounted to UAH 1,28 billion (including VAT);
• the state received additional income of UAH 190,95 million (including VAT) more than the initial value of untreated timberd put up for auction.

Last week, untreated timber was sold in Kyiv, Zhytomyr, Volyn, Ivano-Frankivsk, Khmelnytsky, Chernivtsi, Ternopil, Rivne, Chernihiv, Kirovohrad, Lviv, and Sumy regions.

Pine, spruce, and alder were the most popular species which are were sold, with a share of 58%, 12%, and 5%, respectively. We also sold conifers, birch, oak and other species.

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

The maximum increase from the starting price was recorded at 208%. Given that the auction step is 1%, the maximum number of steps was 208 for oak, 206 for birch, and 179 for alder.

The graph shows the wood species and their maximum values.

Weighted average price index for timber, as of March 2023

Weighted average price index for firewood, for March 2023