Narrowing the uncertainties in carbon (C) and nitrogen (N) dynamics during decomposition of coarse woody debris (CWD) can significantly improve our understanding of forest ecosystem functioning. We examined C, N and pH dynamics in the least studied CWD component—tree bark in a 66-year-long decomposition chronosequence. The relative C concentration decreased by ca. 32% in pine bark, increased by ca. 18% in birch bark and remained stable in spruce and aspen bark. Nitrogen increased in bark of all tree species. In conifer bark, it increased along with epixylic succession. Over 45 years, the relative C/N ratio in bark decreased by 63 and 45% for coniferous and deciduous species, respectively. Bark pH did not change. Due to bark fragmentation, the total C and N amounts in bark of individual logs of aspen, birch, pine and spruce decreased at average rates of 0.03, 0.02, 0.26 and 0.05 year −1 , and 0.02, 0.02, 0.03 and 0.03 year −1 , respectively. At the forest stand level, the total amounts of C and N in log bark were 853 and 21 kg ha −1 or 11.2 and 45.5% of the C and N amounts stored in downed logs and ca. 2.3–3.8 and 2.2–2.4%, respectively, of total C and N amounts stored in forest litter. In boreal forests, decomposing log bark may act as a long-term source of N for wood-inhabiting communities.