China: Russia and NZ logs still dominate

Wednesday 19 Sep 2018

 
New Zealand and Russia main sources of logs - New Zealand was the main log supplier to China in the first quarter of 2018 accounting for 25% of total log imports. Imports from New Zealand totalled 3.66 million cubic metres in the first quarter of 2018, a year on year increase of 16%.

The second ranked supplier of logs was Russia at 2.96 million cubic metres, accounting for about 21% of the national total. In the first quarter of 2018 a year on year decrease of 1% was recorded for log imports from Russia.

Average prices for imported logs from New Zealand rose 12% to US$142 per cubic metre, average prices for imported logs from Russia declined 1% to US$124 per cubic metre in the first quarter of 2018.

Source: ITTO TTM Report (Sept)


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