Price Formation on the Market in Roundwood in Austria

Poznan

2008

S. 79-94

9 Abb., 4 Tab., 2 Lit. Ang.

Artikel aus einer ZeitschriftUnselbständiges Werk

200148742

This study investigates the price formation process for roundwood in Austria. The prices of roundwood are determind mainly by the export prices for wood products and thus by the world market. This is particularly true for the highly competitive market in sawlogs where the fluctuations of export prices for sawnwood directly affect domestic roundwood prices. The strong market position of the domestic paper industry is the reason why international pulp prices have a delayed and weaker effect on pulpwood prices in Austria. The alternative uses of small diameter logs explain the influence of sawlog and energy prices on the price of pulpwood. Large-scale events that cause damage to forests hardly have any influence on the price formation of sawlogs. In the past three decades roundwood prices have risen less steeply than sawnwood and pulp prices.