In Q1 2026, Forests of Ukraine reaches all time-high harvesting volume of 3 mln cubic meters

The State Enterprise Forests of Ukraine increased timber harvesting volumes by more than 500,000 cubic meters in January-March 2026 compared to the same period last year, reaching almost 3 million cubic meters, the state-owned enterprise reported on its Facebook page.

According to the report, despite challenging weather conditions at the beginning of the year and rising fuel prices in March, the state-owned enterprise managed to meet industrial demand. At the same time, the market has seen an increase in buyer cancellations of previously contracted volumes due to logistical issues and expectations of a price correction in the second quarter.

The company estimates that the record supply has contributed to the stabilization of timber prices.

"Based on the results of trades in the second quarter, the average price per cubic meter of timber fell to UAH 4,900, compared to UAH 5,200 in the first quarter. Specifically, the average price of round pine fell from UAH 5,700 to UAH 4,700 per cubic meter," the state-owned enterprise reported.

Thanks to increased production, Forests of Ukraine forecasts revenue growth in the first quarter of 43.1%, reaching UAH 8.3 billion, compared to UAH 5.8 billion in the first three months of 2025.

The company’s remaining timber stockpiles are now 300,000 cubic meters higher than at the beginning of last year.

In the firewood sector, the company additionally auctioned 120,000 cubic meters of product in the second quarter, which allowed it to secure an average price of UAH 2,500 per cubic meter.

In the next quarter, the state-owned enterprise plans to shift its focus to thinning and forest rejuvenation to further meet the market’s demand for firewood.