Forest Prices 2026: Why Spruce Log Prices Are Rising and Birch Is Falling
Quick Facts: Timber Prices 2026
- Spruce log price: upward trend, +12% compared to 2025
- Pine log price: stable, slight upward tendency (+4%)
- Birch timber price: downward trend, -8% compared to 2025
- Average forest price in Estonia: 3,500 - 12,000 EUR/ha depending on growing stock and age
- Highest-priced forest type: spruce-dominant mature forest (up to 18,000 EUR/ha)
The Estonian timber market is undergoing notable changes in 2026. While spruce log prices have reached their highest point in five years, birch timber prices have been declining. For forest owners considering selling their forest or harvesting rights, proper timing can save thousands of euros. In this article, we explain what shapes forest prices, how different tree species affect the market, and what to expect in the second half of 2026.
Timber Prices in Estonia 2024-2026: Comparison Table
The following table shows the price changes of main tree species over the past three years. Prices are given in euros per cubic meter (EUR/m3) and are based on data from the Estonian Forest and Wood Industries Association.
| Tree Species / Assortment | 2024 (EUR/m3) | 2025 (EUR/m3) | 2026 (EUR/m3) | Change 2025 vs 2026 |
|---|---|---|---|---|
| Spruce sawlog (min 18 cm) | 72 | 78 | 87 | +12% |
| Pine sawlog (min 18 cm) | 68 | 71 | 74 | +4% |
| Birch sawlog | 58 | 54 | 50 | -8% |
| Spruce pulpwood | 32 | 35 | 39 | +11% |
| Birch pulpwood | 30 | 28 | 26 | -7% |
| Firewood (mixed wood) | 22 | 24 | 25 | +4% |
Why Are Spruce Log Prices Rising in 2026?
The spruce log price increase is driven by several interacting factors. First, the Nordic construction sector is recovering, which increases demand for structural timber. Second, RMK has reduced its harvesting volumes, meaning less coniferous timber on the market. Third, Finnish and Swedish spruce reserves are depleting, directing buyers to the Estonian market.
- Construction sector recovery: The European construction market showed recovery signs from late 2025, boosting demand for quality spruce logs
- RMK harvesting volume reduction: The State Forest Management Centre has reduced annual harvesting volume to 2 million cubic meters, reducing supply
- Export market demand: High demand from Scandinavian countries for spruce timber raises prices across the entire Baltic region
- Climate change impact: Bark beetle damage in southern and central European forests reduces global supply
Why Are Birch Timber Prices Falling?
Birch timber prices are on a downward trend for several reasons. Plywood production, which has been birch's main value chain, has accumulated Europe-wide overcapacity. Additionally, Russian-origin birch timber has found new markets in China, which also puts pressure on Estonian birch timber prices.
“A forest owner whose forest is dominated by spruce is in an exceptionally strong position in 2026. At the same time, it's worth being patient with birch forest and waiting for the market to recover, if there is no immediate need to sell.”
What Affects Forest Prices? Key Factors
| Factor | Impact on Price | Description |
|---|---|---|
| Tree species | Very high | Spruce and pine are the most valuable in 2026; birch is cheaper |
| Forest age | High | Mature stands (60-100 years) are most valuable; young growth has the lowest price |
| Location and access | Medium | Forest with good road access is 10-20% more expensive than hard-to-reach forest |
| Growing stock (m3/ha) | Very high | Higher per-hectare growing stock means more sellable timber |
| Conservation restrictions | High (negative) | Natura 2000 or other restrictions significantly reduce market price |
| Soil type and site class | Medium | More fertile soil ensures faster growth and higher future value |
How to Get a Fair Price for Your Forest in 2026?
Getting a fair price starts with a professional valuation. Metzfund offers a free initial valuation based on Forest Registry data, satellite mapping, and market data analysis. The valuation process is fast and transparent.
- Request a free price offer on the Metzfund website
- Our expert analyzes Forest Registry data and remote sensing within 15 minutes
- You receive a specific price offer by email or phone
- If suitable, we agree on an on-site inspection and contract terms
- Money arrives in your account within 7 days
Practical Tip: When to Sell Forest in 2026?
- Spruce forest: Now is a favorable time to sell - prices are rising and demand is strong
- Pine forest: Stable prices allow selling throughout the year
- Birch forest: If possible, wait until 2027 when plywood demand should recover
- Mixed forest: Consider selling harvesting rights to get the best price for spruce while keeping the land
Forest Prices by Region in Estonia
Forest prices also vary significantly by region. In southern Estonia's fertile soils, forest grows faster and achieves higher growing stock, while the sandy coastal soils of western Estonia yield lower site class ratings. However, logistics also affects prices - forests closer to sawmills are more attractive due to lower transportation costs.
Frequently Asked Questions
What is the average forest price per hectare in Estonia in 2026?
The average forest price in Estonia ranges from 3,500 to 12,000 EUR/ha. Mature coniferous forests in the best locations can be worth up to 18,000 EUR/ha. The price depends primarily on tree species, age, growing stock, and location. To get a free valuation, submit a requesthere.
Will forest prices rise or fall in the second half of 2026?
Forecasts indicate that coniferous timber (especially spruce) prices will continue their upward trend due to RMK's harvesting volume reduction and strong export demand. Birch timber prices should stabilize by year-end. Overall, 2026 is a favorable time for forest owners, especially those with spruce-dominant stands.
How does the RMK harvesting volume reduction affect forest prices?
The RMK harvesting volume reduction means less timber comes to market from state forests. This creates a more favorable situation for private forest owners, as demand for private forest timber increases. This particularly strongly affects coniferous timber prices, as coniferous trees make up a significant portion of RMK's harvesting volumes.
Should I sell the entire forest or just the harvesting rights?
It depends on your goals. If you want to keep the land and receive regular income, selling harvesting rights is a better choice. If you want to completely exit the investment, selling the forest with the land typically offers 15-25% higher total price. Read more in ourcomparison article.