In the first half of 2017 the value of wood products trade between China and Australia rose 17% to US$1,680 million from the same period of 2016, says ITTO in its latest report.
Of the total, the value of China’s wood products imports from Australia increased by 23% to US$790 million. The value of log and waste paper imports rose 47% and 41% respectively.
The Chinese wood products exports to Australia increased by 12% in value terms, up to US$890 million. The value of China’s plywood exports to Australia grew 36%.
More than 50% of China’s wood product exports to Australia were of wooden furniture and seats and the value of China’s wooden furniture and seat exports increased 11% to US$466 million.
China imported mainly woodchips and logs from Australia. In the first half of 2017 China’s woodchips and log imports from Australia were 1.93 million tonnes and 2.25 million cubic metres respectively.
Chip imports grew 4% year on year and log imports were up 28% year on year in the first half of 2017. China’s plywood imports from Australia grew 34% to 74,000 cubic metres. In addition, China imported fibreboard, waste paper, paper, paperboard and paper products.