In 2021, 3.14M cubic meters of unprocessed timber were sold on the Ukrainian Energy Exchange (UEE) website with a total value of UAH 7.91B ($285M). “The number of participants accredited for bidding increased by 1,502 to 3,946 companies,” stated the UEE. It is reported that during the auctions, the average value of lots increased by 35% (with a historically maximum price increase of 602%). This price increase allowed the state forestry to receive almost UAH 2B ($71M) in additional revenue in the second half of 2021.
The UEE sold 3.1M cubic meters of unprocessed wood.
