Estonia, Good for Business, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Thursday, 23.10.2014, 20:10

Estonian timber industry increased sales by 15% in 2011

Juhan Tere, BC, Tallinn, 13.08.2012.Print version
Estonia’s timber industry sector increased sales by 15% in 2011, totalling 1.3 billion euros, writes LETA/National Broadcasting. In constant prices, production volumes in the sector grew by 17% in 2011.

The Ministry of Economic Affairs and Communications commented the increase in the industry was largely due to exports that accounted for more than two thirds of all sales. In 2011, the principal exports partners were Finland and Sweden that received a third of all exports.

 

The wooden houses segment was among the major categories of goods that continued fast growth last year; exports in this segment grew 23% in a year and the principal target market is still Norway.

 

The fast pay increase in the sector 2010 was followed by a deceleration in 2011. The average gross pay in the timber industry grew slightly less than 4% last year, which was somewhat less than the average in the manufacturing industry. The number of people employed in the sector started growing, increasing by nearly 6% in a year.

 

The largest timber industry enterprises in Estonia are Stora Enso AS, JELD-WEN Estonia, AS Technomar and Adrem, AS Viljandi Aken ja Uks, UPM-Kymmene Otepää AS and Balti Spoon AS.






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