In this paper, a procedure for transforming hyperspectral imaging information into intra-growth ring wood densities is presented. Particular focus was given to comparing the neural network and Partial Least Squares Regression (PLSR) processing methods. The hyperspectral measurements were performed in a wavelength range of 380–1028nm, with a spatial separation of 79μm. The study employed 34 samples from the same number of Pinus pinea tree samples. Density values were analyzed at a total of 34,093 positions in the samples. For neural networks, the mean absolute percentage error (MAPE) and standard deviation of absolute percentage error (StdAPE) values were 6.49% and 5.43%, respectively. For the PLSR method the MAPE and StdAPE were 6.87% and 5.70%, respectively. The neural networks allow reducing the percentage of sample positions with large errors. The proposed method for density measurement can be used for dendrochronology and dendroclimatology.