The Added Value of Products is a Key Factor in the Development of the Forest Industry

Abstract

The paper presents the results of a study of certain aspects in improving the efficiency of the Russian forest industry. The purpose of the work was, in addition to identifying these factors, to consider a model for improving the efficiency of the functioning of individual timber enterprises, which has a certain system of restrictions. In the course of the study, the key role of added value in the price of products of forest industry enterprises in increasing efficiency (profitability) both individual goods and the entire timber industry. The general dynamics of the development of enterprises in the industry and the production of the most important types of products is shown. The significant role of the logging industry in the efficiency of the entire timber industry of the country is revealed, and the factors of this influence are shown. One of them is the fluctuation of prices for round timber during the year, the principal model of which is also presented in the work. The study is based on statistical information for the period 2015-2019. and it is based on the results previously obtained by the authors of this work and the scientific research of the country’s leading scientists in the field of the economy of the forest industry. The resulting system of restrictions to improve the efficiency of LPC enterprises can be used in other industries that use natural resources.