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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