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China Wood Products Prices

16-30th April 2011

US Dollar Exchange Rates of  28th Apr 2011
China Yuan 6.

Report from China 

 Chinas trade in wood products expanded in 2010
Statistics from China Customs show that the total value of
trade of wood products in 2010 reached US$67,608
million, up 27.7% on 2009. Out of the total trade, imports
accounted for US$30,546 million, up 37.2%, while exports
were US$37,062 million, up 24.5%.

Log imports surged
In 2010, China imported a total of 34 million cu.m of logs
valued at US$6 billion, up 22% in volume and 49% in
value compared to 2009. Imports of softwood logs were
24.27 million cu.m in volume and US$3.2 billion in value,
accounting for 71% and 53% of the total log imports

Compared to 2009, the volume of softwood log imports
grew 20% and value 45%. The volume of hardwood log
imports was 10 million cu.m, worth US$2.8 billion,
accounting for 29% and 47% of the total imports
respectively. Compared to 2009, the volume of hardwood
log imports increased 30% and value 53%.

Tropical log imports amounted to 8.23 million cu.m,
accounting for 24% of the total log imports, up 35% from

Big jump in sawnwood imports
Sawnwood imports totalled 14.8 million cu.m (including
sleepers), valued at US$3,878 million in 2010, up 49% in
volume and 67% in value over 2009.

Softwood sawnwood imports were 9.37 million cu.m,
valued at US$1,824 million, accounting for 64% and 48%
of the total respectively, up 47% in volume and 66% in
value over the previous year. Hardwood sawnwood
imports totalled 5.3 million cu.m, worth US$1,446
million, accounting for 36% and 37% of the total
respectively. Harwood sawnwood imports increased 32%
in volume and 50% in value compared to 2009.

Sawnwood imports came mainly from Russia, Canada, the
US and Thailand.

Significant increase in furniture exports
China exported wooden furniture in 2010 worth US$16.2
billion in 2010, a significant jump of 34% in value
compared to 2009.

The US is the largest destination for Chinese wooden
furniture accounting for 34% of the total wooden furniture
exports from China. Other major markets were Japan and
European countries.

Fibreboard imports in 2010 amounted to 268,300 tonnes,
valued at US$124.6 million, up 7.2% in volume and 4.2%
in value over 2009.

Particleboard imports rose to 350,600 tonnes, valued at
US$114.3 million, 21% higher in volume and 29% in
value from the previous year.

Furniture imports totalled US$387.7 million, 32% more in
volume and 30%more in value on 2009.

Gains in other wood product exports
In 2010, exports of other wood products such as wooden
doors, mouldings, wooden handicrafts and packaging
materials etc. were worth US$3,830 million, up 23% from

China exported a total of 7.6 million cu.m of plywood in
2010, valued at US$3.4 billion, up 34% in volume and
35% in value compared to 2009. Plywood exports to the
US were 1.35 million cu.m accounting for 18% of the total
plywood export volume. Particleboard exports from China
totalled 107,600 tonnes in 2010, worth US$41.4 million,
33% higher in volume and 27% in value from 2009.

In contrast, a total of 539,000 cu.m of sawnwood were
exported in 2010, valued at US$342 million, down 4% in
volume and 1.3% in value from the previous year.

Sawnwood was mainly exported to Japan (299,000 cu.m,
accounting for 56% of the total sawnwood exports)
followed by the Republic of Korea (66,000 cu.m, 12.4%),
the US (36,000 cu.m, 6.8%), Vietnam (28,000 cu.m, 5.2%)
and Germany (19,000 cu.m, 3.6%).

Out of the total sawnwood exports from China, 34.4%
came from Shandong Province followed by Liaoning
Province with 19.9%.

 Related News:


LM        Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS         Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR            French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF         Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot               Price has moved up or down

Source: ITTO'  Tropical Timber Market Report

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