New Zealand was China’s top log supplier, accounting for 24% of the market share. While exports totaled 10.77 million cubic metres in 2015, this figure represented an 8% YoY decline.
Russia ranks second, supplying 10.61 million cubic metres of logs and a accounting for just over 23% of the market share. This figure represented a YoY decline of 7%
NZ and Russian log prices fell 21% and 11% respectively.