Germany: Falling pine planed lumber exports to the US compensated in Egypt and UK

Source:
IHB/Destatis/RS
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Due to strong shipments to Egypt, United Kingdom, Netherlands and Norway, Germany's pine planed lumber exports are clearly ranging above the previous year. In January-September 2014, they were +7% higher than in 2013, despite the fact that strong reductions were registered in exports to South Korea, Australia and especially the United States. If in 2013, the U.S. was Germany's main export partner, in the analysed period ranks only eight. Volumes delivered to the US are only a quarter of the ones delivered in 2013.

Also the Chinese demand for German pine planed lumber seems to be slowing down. The much anticipated decline of the Chinese construction market seems to have become a real problem for German sawyers. Volumes delivered in September 2014 are more than four times lower than September 2013, and as many analysists point out, this trend is set to continue in the upcoming period.

Markets in Europe and North Africa are now more attractive for the German sawmills. Volume delivered to the Netherlands in Jan.September 2014 is +33% higher over the same period last year. Moreover, a much stronger demand can be noticed from the United Kingdom, which has continued thorughout the whole year: by September, German exports are 7 times higher than in 2013. Above all, Egypt is the winner in January-September 2014: Germany shipped 20,000 cubic meters more pine planed to the North African country as compared to January-September 2013.

The following average prices for the most important customer countries can be deduced from the January-October figures: Netherlands € 203/m³ (ø I-IX/2014: € 195/m³), South Korea € 221/m³ (ø I-IX/2014: 214), China € 195 €/m³ (ø I-IX/2014: 184) and Egypt € 192/m³ (ø I-IX/2014: 134).

In volume (m3)
Germany: Pine Lumber; Planed; Export; Top 10 Destinations September 2013

September 2014

Jan.-September 2013

Jan.-September 2014

Change in %; Jan.-September 2013/2014
Netherlands 2,740 2,123 36,587 48,508 +33%
South Korea 5,539 5,062 50,170 43,843 -13%
China 5,379 1,244 28,768 30,258 +5%
Australia 3,033 4,432 29,713 26,632 -10%
Egypt 0 654 4,025 24,785 +516
United Kingdom 1,291 137 2,632 18,071 +587
Norway 0 2,025 1,711 10,554 +517%
United States 520 0 41,212 10,453 -75%
France 918 935 9,800 9,503 -3%
Italy 1,105 436 5,270 8,148 +55%
Others 4,119 2,276 37,961 33,638 -11%
Total 24,644 19,324 247,849 264,393 +7%

 

In value (EUR)
Germany: Pine Lumber; Planed; Export; Top 10 Destinations

September 2013

September 2014

Jan.-September 2013

Jan.-September 2013

Change in %; Jan.-September 2013/2014

Netherlands 550,000 443,000 7,149,000 9,846,000 +38%
South Korea 1,166,000 1,206,000 10,755,000 9,694,000 -10%
Australia 647,000 983,000 6,062,000 5,919,000 -2%
China 858,000 267,000 5,206,000 5,910,000 +14%
Egypt 0 119,000 557,000 4,761,000 +755%
United Kingdom 230,000 24,000 592,000 3,082,000 +421%
Norway 0 485,000 267,000 2,473,000 +826%
France 251,000 280,000 2,731,000 2,630,000 -4%
United States 107,000 0 8,225,000 2,054,000 -75%
Italy 206,000 98,000 1,140,000 1,652,000 +45%
Others 828,000 498,000 8,028,000 7,279,000 -9%
Total 4,843,000 4,403,000 50,712,000 55,300,000 +9%

 

Average export price of German pine planed lumber (per m3)

I-IX 2013

I-IX 2014

Change in %
Netherlands €195 €203 +4%
South Korea €214 €221 +3%
China €181 €195 +8%
Egypt €138 €192 +39%
Australia €204 €222 +9%
United States €200 €196 -2%
Norway €156 €234 +50%
France €279 €277 -1%
Italy €216 €203 -6%
United Kingdom €225 €171 -24%
Others €211 €216 +2%
Total €205 €209 +2%
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