Norwegian forest owners received an average of NOK 834 (approximately EUR 72.50) per cubic metre for industrial timber in the first quarter of 2025 – the highest nominal price ever recorded. At the same time, harvesting volumes also reached a new peak, with 3.5 million cubic meters of industrial timber felled for sale during the quarter. In real terms, timber prices have not reached similar levels since 1987. The surge is largely attributed to increased international demand for timber, driven by the ongoing war in Ukraine and widespread bark beetle infestations in Europe in recent years. A weak ...