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September 11, 2020

Finland: Forest industry exports drop 18% in H1/2020

Finland: Forest industry exports drop 18% in H1/2020

In the first half year the exports value of the Finnish forest industry products totalled in real terms EUR 5.18 billion (deflated using wholesale price index).

Compared to the same period previous year the exports value decreased by 18 percent. In June the exports value of forest industry products totalled EUR 0.85 billion.

In January-June the real exports value of Finland's wood-products industries totalled EUR 1.18 billion and decreased by 19 percent from previous year. The exports value for both sawn goods and plywood decreased by 23 percent from previous year. The exports volume of sawn goods decreased by 19 percent and of plywood 24 percent.

The exports value for pulp and paper industries decreased in real terms by 18 percent to EUR 4 billion in the first half year. In the same period within the most important exports goods the exports values and volumes continued to decrease. Exports value of bleached sulphate pulp decreased by a quarter, but volume decreased only by seven percent.

The last price peak in real terms of bleached sulphate pulp was in September 2018 (682 EUR/t). This year’s price level has been a third lower. Both exports value and volume of magazine paper decreased by a third. The exports value of fine paper decreased by 28 percent and volume by 26 percent.

In January-June Finnish wood imports totalled 6.20 million cubic metres. Compared to same period previous year wood imports increased by 12 percent. In June 2020, wood imports totalled 1.13 million cubic metres.

Of imported wood in the first half year 52 percent was pulpwood and 36 percent chips. The share of logs was four percent. Compared to previous year the imports of chips ang logs increased by a fair quarter but the imports of pulpwood decreased by two percent.

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