China's log imports grow 22%

Source:
ITTO
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China's Custom has reported that between January and August this year Chinese log imports rose 22% to 35.38 million cubic metres. The top 5 countries in terms of log supply were; New Zealand (8.06 million cubic metres, up 12%), Russia (7.70 million cubic metres, 11%), the USA (4.41 million cubic metres, 31%),Papua New Guinea (2.24 million cubic metres, 23%) and Canada (2.04 million cubic metres, 18%).

China's log imports from Myanmar totalled 713,800 cubic metres up until the log export ban in Myanmar came into force. Africa is the largest supplier source country for China log imports during January to August 2014.

Between January and August this year log imports through Guangdong ports rose 41% to 2.28 million cubic metres valued at RMB7.51 billion. The average landed price for imported logs was RMB3297, up 28% on the same period last year.

Log imports from African suppliers passing through Guangdong ports grew 37% to 652,000 cubic metres in the eight months to August and accounted for 29% of all logs through Guangdong ports.

Log imports from Mozambique rose 25% to 20, 000 cubic metres, accounting for 9% of the total handled by the port.

Imports from ASEAN countries increased 3 times to 511,000 cubic metres while log imports from the EU fell 1% to 371 000 cubic metres.

The main reason cited for the increase in log imports through Guangdong was the higher demand from Chinese furniture makers in the region. Log imports have been rising partly as domestic logs are becoming more expensive.

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