NIOBIUM LABS M.E.P.E
Farminguk
03 May 2016 | Online since 2003
Briefing Media - FG Classified


26 February 2014 04:41:37|Forestry,Market Reports,News

China imported lumber for record nine billion dollars in 2013


China imported logs and lumber for a record nine billion dollars in 2013, with North America, Russia and New Zealand being the major suppliers, reports the Wood Resource Quarterly.

Importation of logs and lumber to China reached a new record in 2013 with lumber imports being up 19% and log imports increasing 23% from 2012, as reported in the Wood Resource Quarterly. North America, Russia and New Zealand were the major supplying countries, but Sweden, Finland, Ukraine, Chile and Australia saw the biggest increases in market share.

Seattle, USA. China’s importation of softwood lumber was 19 percent higher in 2013 than in 2012, reaching a new record high. The unprecedented increase in lumber shipments to the Chinese market that began in 2008 is continuing.
In 2008, the country imported 3.6 million m3 of softwood lumber valued at 700 million dollars, according to the Wood Resource Quarterly (WRQ). Two years later, in 2010, the volume had increased to 9.4 million m3 and in 2013, China imported close to 17 million m3 of lumber, valued at a bit over 3.6 billion dollars.

Canada and Russia are the two major suppliers of lumber to China, with Canada having overtaken Russia as the largest supplier in 2010. Together, these two countries supplied almost 80 percent of all imports. However, this year Europe, Russia, Chile and New Zealand have all increased their shipments to China at a higher pace than has Canada. Sweden, for example, more than tripled its export volume from 2012 to 2013 to reach 370,000 m3, or just over two percent of the import volume last year.

This trend, where countries that just a few years ago were virtually non-existent in the Chinese market are now expanding is likely to continue in the coming years both because China’s continued hunger for more wood and because Canada is not likely to increase exports much more than the levels seen over the past few years.

Importation of softwood logs to China really took off during the second half of 2013. In the 1H/13, import volumes were about 14.8 million m3, and in the 2H/13, China imported 18.1 million m3, an increase of 23 percent in just six months, making 2013 a record year for Chinese log imports.
The total value of imported logs reached just over five billion dollars. During the past year, all major log suppliers to China increased their shipments except Russia, which in 2013 shipped the lowest volume since 2004. New Zealand shipments were up by 32% year-over-year, the US increased volumes by 55% and interestingly, Ukraine, which just a few years ago did not export any logs to China, shipped 1.4 million m3 in 2013, a tripling from the previous year, as reported in the WRQ.
With record shipments of logs and lumber from North America to China during 2013, it will be very interesting to see if Chinese wood buyers can continue to increase their imports from the US and Canada in 2014 and 2015 when demand for lumber is likely to go up in the US market.

Download





0 Comment


Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment

World News

USA | 3 May 2016
US cattle futures recover from 4-month lows

U.S. cattle futures rebounded from four-month lows Monday, lifted by hopes that a steep drop in beef prices will spark fresh demand for discounted steaks and burgers. June live-cattle futures rose ...


Canada | 3 May 2016
Ottawa to talk compensation with dairy farmers for Canada-EU trade deal

The federal government will meet Canadian dairy farmers within 30 days to discuss a compensation package designed to ease any pain caused by Canada signing the Canada-European Union trade deal. "An...


USA | 3 May 2016
Where's the beef? You won't be able to find out if agricultural groups their way

Beef, egg, and milk producers behind campaigns like “Got Milk” want to be exempt from FOIA requests. A number of prominent agricultural commodity groups have successfully pushed for language to be ...


Ireland | 3 May 2016
Department under fire on €20m cattle tagging contract

Serious questions have been raised over the tender process for the €20m national cattle tag contract. The three year contract is up for grabs again this year, but suppliers believe that the proces...


Australia | 3 May 2016
Chinese group drops $281m bid for Australian cattle firm

A Chinese-led group dropped its A$371 million ($281 million) offer for Australia’s most iconic cattle ranch after opposition from the government weeks before a general election. The suitors led by ...



Trending Now

Viewed
Discussed

Farms and Land for sale


Holiday Rentals search



Top stories you may have missed
Username
Password