Market price

Sawn timber market price down by a fifth | New

Lumber sellers have purchased material based on demand for years over the past few months. However, high construction prices have led to the postponement of several public and private sector projects, which has impacted the demand for sawn timber, the newspaper “Aktuaalne kaamera” reported on Sunday.

Everyone was trying to get their hands on as much hardware as possible in the second quarter, in March, given the war in Ukraine and fears of losing access to the Russian market. This is the result – the warehouses are full,” said Janar Tatomir, sawn timber purchasing and sales manager at AS Barrus.

The market price of a stacked cubic meter of spruce sawn timber has fallen by more than €100.

“If in the second quarter, prices fluctuated between €420 and €460 per cubic meter, you can buy the same quantity for €300 or even €290 today. The prices have come down a lot, and we don’t know if it’s the end of,” said Peeter Peedomaa, director of OÜ Peetri Puit.

While big companies are signing end-of-year contracts at lower prices, the price drop has yet to reach the small consumer.

Andres said he didn’t see a lower price. “Prices went up and that’s where they stayed,” he said.

Aigar Aia, who has been selling sawn timber used in construction in Võru for almost 20 years, said those who need the timber will buy it.

“It seems like everyone suddenly decided to renovate their summer house. I think people are buying more wood than before,” Aia said.

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