Log export market update
Wednesday 2 Jun 2021Log export market update - Thanks to the team at Champion Freight - Log exports to China have accelerated in a big way, mainly with the reporting month (April) being a month on from the anniversary of last year's Covid work stoppage.
The chart shows total log export values to China to the end of April were up 31 percent year-on-year contributing to overall log exports reducing by 25 percent across all export markets. Log exports to South Korea were up 15 percent up while volumes to Japan and India were down 100% and 4% respectively.
For the month ended in April, China shipments were up 327 percent, compared to April 2020 due to the Covid lockdown here in New Zealand, taking overall log exports up a whopping 299 percent. Logs to South Korea were up 139 percent.
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