Q3 2024 was a record-breaking quarter for forest industry revenue over the past three years

According to the analytical agency WhatWood, the Russian forestry sector in July - September 2024 reached revenue of 620 billion rubles, which is 15% more compared to the same period last year. Overall, for the first nine months of 2024, the industry's revenue increased by 21% year-on-year and amounted to 1.8 trillion rubles.
The net profit of forestry enterprises at the end of the third quarter amounted to 70 billion rubles, an increase of 6.8% compared to last year. In January - September, profit increased by 39% and reached 172 billion rubles.
It is worth noting that the growth of indicators in monetary terms weakly correlates with production volumes: for the first nine months of 2024, their growth in physical terms amounted to 5-8%.