Skip to main content

Table 3 Real wood price development between 1975 and 2014 based on the data set from the Bavarian state forest

From: A non-stochastic portfolio model for optimizing the transformation of an even-aged forest stand to continuous cover forestry when information about return fluctuation is incomplete

Year Norway spruce wood price in € per cubic meter European beech wood price in € per cubic meter Quotient Sp Quotient Be
1975 43 43 0.758 0.662
1976 46 43 0.798 0.664
1977 50 50 0.876 0.766
1978 44 56 0.768 0.861
1979 44 60 0.772 0.925
1980 61 67 1.077 1.031
1981 52 73 0.919 1.121
1982 52 73 0.913 1.131
1983 48 73 0.843 1.118
1984 47 72 0.815 1.105
1985 57 72 1.006 1.107
1986 53 72 0.927 1.101
1987 57 72 1.004 1.109
1988 58 72 1.009 1.111
1989 66 74 1.152 1.140
1990 64 75 1.114 1.160
1991 36 54 0.634 0.827
1992 31 69 0.538 1.068
1993 40 71 0.698 1.090
1994 53 68 0.935 1.052
1995 56 76 0.987 1.166
1996 51 72 0.896 1.103
1997 52 69 0.915 1.057
1998 58 69 1.017 1.069
1999 61 72 1.063 1.105
2000 52 74 0.911 1.133
2001 58 72 1.023 1.114
2002 58 66 1.014 1.020
2003 57 63 0.996 0.965
2004 53 60 0.929 0.924
2005 59 53 1.032 0.814
2006 63 52 1.106 0.807
2007 67 58 1.182 0.892
2008 62 65 1.092 1.001
2009 63 60 1.105 0.925
2010 69 54 1.201 0.829
2011 79 60 1.382 0.931
2012 85 66 1.489 1.014
2013 87 64 1.531 0.990
2014 90 64 1.574 0.993
  1. Prices are weighted by different quality assortments from the main assortments for spruce (Sp) (25–29 cm) and for beech (Be) (30–34 cm) for each year. The quotient is calculated by dividing these mixed annual prices of Sp and Be of each year by the means of Sp and Be price over the whole time range