Untreated timber sales results at UEEX LLC as of December 2024

Untreated timber auctions at UEEX for the last month showed the following results:

• Exhibited volume was 504,09 th.c.m.;
• Sold timber 405,54 th.c.m.;
• Timber sales value was UAH 1,2 bln. (incl. VAT);
• State received additional income during the trades at English auction for the amount of UAH 249,46 mln. (incl. VAT).

Untreated timber distribution sales was as follows: 55% - round timber, 45% - firewood.

State Enterprise “Forests of Ukraine” sold 497,78 th.c. m. of timber. Below is the timber sales schedule by seller group.

In this period, the Capital and Carpathian Forestry Offices held quarterly auctions. In total, 339,92 th. c. m. were sold at these auctions for the amount of UAH 1,06 billion including VAT.

Round timber

During the reporting period, the Group sold 221,78 th. c. m. of roundtimber for a total amount of UAH 975,11 million (including VAT).

Pine, spruce and oak were the most popular species sold, with their share in the total structure amounting to 59,78%, 21,61% and 5,81%, respectively. We also sold such species as beech, fir, ash, birch, alder and others.

The maximum increase from the starting price was recorded at 160%. Given that the auction step is 1%, the maximum number of steps was 160 for pine, 111 for spruce, and 95 for red oak.

The graph shows the wood species and their maximum values.

Firewood

During the reporting period, the volume of firewood sales amounted to 183,76 thousand cubic meters for the amount of UAH 225,79 million (including VAT).

The vast majority of firewood (77%) was sold for industrial use, while 23% was sold for non-industrial use.

Pine firewood was in the highest demand among firewood products, accounting for 57% of the total volume.

The graph below shows the structure of firewood sales by grade and species.

Price indices

Compared to last month, the weighted average prices for most roundwood decreased. The most significant changes occurred for such species as fir and birch.

Fir saw the largest percentage increase in prices (14%). It currently stands at UAH 3 292,18 (including VAT). One of the reasons for this growth is the quarterly auction for this species held this month. As a result, the demand for this breed has increased, which has led to competition among buyers.

The opposite situation was faced by birch. Its price decreased by 21% to UAH 3 099,25 per cubic meter (including VAT). The main reasons for this decline were a decline in both supply and demand for the species after the end of the quarterly auction. Sellers also set a slightly lower starting price at the auction compared to the previous period.

Weighted average price index for timber, as of December 2024

Among firewood, industrial firewood underwent the most significant changes. The price of this product grew the most, showing an increase of 3,2%. It has now reached the level of UAH 1 270,31 per cubic meter (including VAT).

At the same time, the largest price decline was experienced by wood for non-industrial use of the first group. It showed a 5% decline and currently amounts to UAH 1 183,59 per cubic meter (including VAT). The reason for this decline was a decrease in demand for this type of product.

Weighted average price index for firewood, as of December 2024