China’s tropical log imports fall 10% in 2015

China’s tropical log imports in 2015 totalled 8.9 million cubic metres valued at $2.8 billion, according to the ITTO. The figures reflect a a 10% and 32% fall in volume and value terms respectively. The average price for imported tropical logs was $319 per cubic metre, a year-on-year drop of 25%. 

Tropical logs account for about 20% of China’s  total imports. Some of its key suppliers are Papua New Guinea(36%), Solomon Islands (25%), Equatorial Guinea (7.4%), Cameroon (6.2%), Nigeria(6.1% and Congo Brazzaville(5.9%).
 
Just 10 countries supplied 96% of China’s tropical log requirements in 2015. Log imports from Equatorial Guinea and Cameroon grew 32% and 14% respectively in 2015.
 
Countries from which tropical log imports declined included Malaysia (-47%) and Laos (-43%). The main point for entry for these logs was Nanjing port, which accounted for 84% of all tropical log imports.