US Dollar Exchange Rates of 10th
May 2017
China Yuan 6.9038
Report from China
Sawn softwood import volumes
Four timber groups dominated China¡¯s sawn softwood
imports in 2016, korean and Scots pine (8.3 million cu.m,
47%), spruce and fir (8.11 million cu.m, 45%), radiata
pine (1.19 million cu.m, 7%) and Douglas fir (0.23 million
cu.m, 1%).
The volume of korean and scots pine, spruce and fir,
douglas fir and radiata pine imports rose 41%, 11%, 9%,
and 1% respectively year on year.
Main sawn hardwood imports
The main sawn hardwood species imported into China in
2016 were oak (1,380,000 cu.m, 10%), American ash
(508,000 cu.m, 3.54%), beech (503 000 cu.m, 3.51%),
cherry (150,000 cu.m, 1.06%) and merbau (130,000 cu.m,
0.93%).
The volumes of cherry, ash, oak and merbau rose 55%,
14%, 11%, and 3% respectively, but, overall, North
America hardwoods and beech imports fell 11% and 1%
year on year respectively.
Particleboard dominated wood-base panel imports
China¡¯s wood-based panel imports in 2016 were 1.4
million cubic metres valued at US$450 million, a year on
year increase of 31% in volume and a 21% increase in
value. Particleboard dominated China¡¯s wood-based panel
imports accounting for 65% of the total wood-based panel
imports. Particleboard imports were 900,000 cubic metres
valued at US$180 million, up 42% and 31% respectively.
China¡¯s particleboard imports were mainly from Thailand
(290,000 cu.m), Malaysia (220,000 cu.m) and Romania
(150,000 cu.m), a year on year increase of 115%, 13% and
6% respectively. 72% of China¡¯s particleboard imports
were from the above-mentioned three countries.
Particleboard imports to China were shipped mainly
through Tianjin (220,000 cu.m), Shanghai (180,000 cu.m),
Huangpu (140,000 cu.m) and Shenzhen Customs (120,000
cu.m).
Plywood dominated wood-based panel exports
China¡¯s wood-based panel exports in 2016 totalled 15
million cubic metres valued at US$670 million, a year on
year increase of 2% in volume but decrease of 5% in
value.
Plywood dominated wood-based panel exports in 2016
and accounted for 76.5% of the total wood-based panel
exports. Plywood exports totaled 11 million cubic metres
in 2016 valued at US$530 million, up 5% in volume but
down 4% in value.
Most of China¡¯s plywood exports were destined for the US
market (2.1 million cu.m), a year on year increase of 12%.
Shipments of plywood from China to international markets
were mainly through Qingdao (4.47 million cu.m) and
Nanjing (4.33 million cu.m), a year on year increase of
16% and 1% respectively. 78% of China¡¯s plywood
exports were through the above-mentioned two ports.
China¡¯s wooden furniture imports
The value of China's wood furniture imports was US$964
million in 2016, a year on year increase of 9%. Over 70%
was imported from five countries; Italy (US$247 million,
26%), Vietnam (US$169 million, 18%), Germany
(US$132 million, 14%), Poland (US$82 million, 8.5%)
and the US (US$50 million, 5.2%).
US the main destination for wooden furniture exports
The value of China¡¯s wooden furniture exports (including
wooden seats) was US$22.3 billion in 2016, a year on year
decline of 3%. The US was the main destination for
China¡¯s wooden furniture exports and was worth US$8.2
billion, up 4% year on year, and accounted for 37% of all
wooden furniture exports in 2016. The 10 countries shown
below accounted for around 75% of China¡¯s wooden
furniture exports in 2016.
 
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