- China is increasing
importation of logs from New
Zealand and Europe, while
diminishing imports from North
America and Russia
- As a region, Europe is now
the second largest supplier of softwood logs to China behind New
Zealand, reports the WRQ
SEATTLE, Washington,
Jan. 6, 2020 /PRNewswire/ --
New Zealand continues to expand
its market share in China,
supplying 39% of the total import volume in the 3Q/19, up from 32%
five years earlier. Russia and
North America suffered the largest
declines in the Chinese market share from 2015 to 2019, with
Russia's share falling from 28% to
12%, and North America from 21% to
13% during the same period.
In the 3Q/19, log imports from Russia were at their lowest levels in almost
20 years. The only other major change in the Chinese market over
the past few years has been an increase in pine log shipments from
Uruguay.
These have increased from just a few thousand cubic meters in
2016 to almost 2.5 million m3 last year, making Uruguay the fifth largest log supplier to
China in 2018. Startlingly,
shipments from Uruguay to
China fell to less than 200,000 m3
in the 3Q/19, when prices
for logs plummeted to the point where it no longer made
financial sense for Uruguayan exporters to ship logs.
Interestingly, a number of countries in Europe, although some still small suppliers,
have begun to expand their presence in the Chinese market over the
past 12 months, reports the WRQ. This can be attributed to an
oversupply of logs in their domestic markets. In the 3Q/19, the
European supply of softwood logs totaled over two million m3 (see
chart).
Supplying countries included Germany, Czech, Poland and France (in descending order), all countries
impacted by storms and insects in 2018 and 2019. The European share
of imported softwood logs has increased from just three percent in
the 3Q/18 to as much as 20% in the 3Q/19.
Wood Resource Quarterly (WRQ). This 56-page report,
established in 1988 and with subscribers in over 30 countries,
tracks prices for sawlog, pulpwood, lumber &
pellets worldwide. The WRQ also reports on trade
and wood market developments in most key regions around the world.
For more insights on the latest international forest product market
trends, please go to www.WoodPrices.com
CONTACT:
Wood Resources International LLC
Hakan Ekstrom
info@woodprices.com
www.woodprices.com
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Europe has rapidly
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