China: Germany leaps up log supplier ranks
Wednesday 6 May 2020Among supply countries providing more than 100,000 cubic metres of log imports in the first two months of 2020 were Germany and the Czech Republic where imports soared over 250% and 300% respectively and to 1.11 million cubic metres and 393,000 cubic metres respectively.
China’s log imports from Argentina also soared over 170% to 103,000 cubic metres. In addition, China’s log imports from Brazil, France and New Zealand rose 31%, 8% and 1%. All other sources saw a sharp decline. In 2019, around 12 million cubic metres of standing timber in North Rhine-Westphalia alone was lost to a bark beetle attack and efforts are underway to salvage as much of the timber as possible.
New Zealand was the main log supplier to China in the first two months of 2020 accounting for 29% of total log imports. Imports from New Zealand totalled 2.25 million cubic metres in the first two months of 2020, a year on year slight increase of 1%.
The second ranked log supplier was Germany at 1.11 million cubic metres, a year on year soaring of over 250%, accounting for about 14% of the national total. The average price for imported logs from Germany was the lowest at US$90 per cubic metre.
The third ranked supplier of logs was Russia at 0.867 million cubic metres, a year on year increase of over 300%.
Source: ITTO TTM Report April 2020
Copyright 2004-2020 © Innovatek Ltd. All rights reserved.