Estonia’s timber market has entered a more stable phase in 2025 following years of price turbulence caused by the pandemic, global supply disruptions, and geopolitical tensions. While prices remain above pre-war levels, the sharp volatility that characterised the market in 2021–2023 has eased, allowing for more consistent planning among forest owners and timber producers. “Prices have clearly settled compared to the peaks we saw during the initial stages of the war in Ukraine,” said representatives of the Rakvere Forestry Association, one of the country’s largest forest owner cooperatives. “The market is now characterised by balance ...