China’s wood import value falls 25% in 2015

China imports of logs and lumber has fallen 25% in value in 12 months due to falling housing constructions, according to the Wood Resource Quarterly (WRQ).

Softwood logs and lumber imports in November last year were valued at US$498 million, 26% lower than the same month in 2014 the third lowest monthly level in three years. The average value of imported softwood logs was 30% down from their peak in April 2014, where import value was at an all-time high reaching nearly US$900 million.

The slowdown in the Chinese economy has affected consumer spending on home remodelling and furniture, impacting the demand for overseas and domestic wood products in 2015.

The biggest declines in 2015 were seen in logs from New Zealand and lumber from Australia.

The biggest price declines in lumber were from Canada, Sweden, and Chile.

Russia, Swedish and Finnish sawmills targeting the high-end market in China increased their shipments during 2015, contrasting with a decline in demand for products from the U.S., Canada and Chile, which fell over 20% in 2015.

 

Source: Wood Resources Quarterly/ Edited by Panels & Furniture Asia