Log export market update

Wednesday 5 May 2021

Log exports to China have accelerated in a big way, mainly with the reporting month (March) being the anniversary of last year's Covid work stoppage. - This week we've got our monthly update from the team at Champion Freight. The chart shows total log export values to China to the end of March are up 12 percent year-on-year contributing to overall log exports reducing by 8 percent across all export markets. Log exports to South Korea were static at 1 percent up while volumes to Japan and India were down 68% and 19% respectively.

For the month ended in March China shipments are up 118 percent, compared to March 2020, taking overall log exports up a whopping 84 percent. Logs to South Korea were up 32 percent.

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