Latvia: Forestry costs rose significantly in 2023: statistics

Forestry costs in Latvia increased significantly in 2023 compared to previous years, according to the Central Statistical Bureau (CSP), LSM reports. Forest regeneration costs rose by 6.5-19.3%, forest tending costs by 14.7-50.8%, and timber harvesting costs by 4.4% in final felling and 12.2% in intermediate felling. The overall increase in forestry costs is attributed to higher labour expenses, seedling prices, and the shift towards mechanised forest planting. The forestry sector contributes over 1.5% to Latvia’s GDP and employs over 17,000 people.