Estonia
- In the sawlog market in Estonia (conifer category), during the summer of 2025, it was observed that spruce logs prices increased, while pine logs either decreased or stagnated. (Global Wood Markets Info)
- In the pulpwood / energy wood segment (“aspen pulpwood”), the price level in Estonia remained relatively stable in summer 2025, but demand was limited — assuming supply volumes are not large. (Global Wood Markets Info)
- Overall, Estonia’s timber market in 2025 is characterized as “stabilized” — after a previous phase of price fluctuations, the market is considered somewhat more balanced around mid-2025. (Timber Industry News)
Latvia
- In Latvia, in the first half of 2025, exports of sawlogs / softwood lumber increased — Latvian timber exports in H1 2025 grew by approximately 22%, indicating strong demand in foreign markets. (Wood & Panel+1)
- Regarding raw material procurement prices — according to data from Latvia’s Central Statistical Bureau, in the second half of 2024 (which influences the 2025 market), the average purchase prices for conifer logs (pine, spruce) increased compared to the first six months of 2024. (LSM)
- However, market reports in mid-2025 indicate weaker prices and production volume constraints as challenges for the industry. Supply and raw material prices are under pressure from both producers and buyers. (Timber Industry News)
- Concerning veneer logs / veneer logs — available information in 2025 is limited. Indirectly, it appears that “slower demand for quality logs” (suitable for veneer) is one of the challenges. (Timber Industry News)
- In May 2025, import prices in Latvia for softwood / non-conifers averaged around USD 53.8/m³ — a decrease of approximately 16.6% compared to the previous month. (IndexBox)
Lithuania
- Considering the overall trends in the Baltics and Northern Europe, it can be assumed that in Lithuania in 2025, demand for quality sawlogs was strong, while lower-grade logs (e.g., pulpwood or energy logs) experienced pressure on prices and demand.
Conclusions for 2025 (based on limited information):
- Sawlogs have been and continue to be a strong segment, especially with exports increasing, such as from Latvia.
- The availability and demand for veneer logs / veneer logs face challenges — quality logs are competing with sawlogs, and there is less information about significant price increases.
- Demand for pulpwood / low-quality logs remains stable but with limitations, and prices have not shown major jumps — demand is returning slowly.
- Markets have more stabilized in 2025 after previous periods of instability, providing a basis for industry planning with lower volatility risks (at least locally).
- Fluctuations are observed in import prices and international trade — for example, Latvia’s import price for non-conifer sawlogs / veneer logs in May 2025 decreased compared to the previous month.
Prepared by A. Lazdāns