Get Your Quotation

  Home:  Global Wood   Industry News & Markets

China Wood Products Prices

01 – 15th Sep 2021

US Dollar Exchange Rates of  10th  Sep 2021
China Yuan 6.4443

Report from China 


  New standards for wood-based panels
Three standards for wood-based panel have recently been
approved by the National Technical Committee of Woodbased
Standardisation namely standards on Decorative
Veneer Overlaid Panels, Plywood for Combined Packing
Boxes and the Content Determination of Lead, Cadmium,
Chromium and Mercury in Wood-Based Decorative
Veneer Materials.These standards for wood-base panels
will come into force on 1 March 2022.

Formulation of standards solid wood doors
It has been reported that Zhejiang manufacturing group
and the Ningbo Institute of Standardization in Zhejiang
Province have started work on a standard for solid wood
(mortise and tenon joint) doors. The standard will provide
quality specifications for the development of solid wood
door of mortise and tenon joint structure. At present
opinions on the standard are being gathered.

Decline in China¡¯s log imports from Australia
Australia is losing around AUD1.6 billion a year after
China suspended log imports because of quarantine
problems. China¡¯s log imports from Australia in the first
half of 2021 plummeted. According to China Customs, log
imports from Australia fell to 62,855 cubic metres in the
first half of 2021 from 2,090,000 cubic metres in the first
half of 2020.

France, the largest supplier of oak imports
China Customs data shows France has been the largest
supplier of oak imports since 2014. Previously Russia was
the main supplier but Russia implemented a log export
ban. The US is also a major supplier of oak but China¡¯s
oak imports from the US have fallen in recent years due to
trade friction.

China¡¯s oak imports from France, Russia and USA rose at
different rates in the first half of 2021 due to the
resumption of production. China¡¯s oak imports from
France rose 30% to 223,000 cu.m valued at US$86.17
million, up 56% in value. The volume of China¡¯s oak
imports from USA and Russia rose 21% and 11%
respectively in the first half of 2021.

The CIF price for imported French oak rose the most (
20%) followed by the United States, up 9%. In contrast the
CIF price for imported Russian oak fell slightly in the first
half of 2021.

The cumulative volumes of China¡¯s oak imports from
France, Russia and USA from 2010 to 2020 were 2.74
million cubic metres, 1.63 million cubic metres and 1.96
million cubic metres respectively. For the same period the
average CIF for imported oak from France was the lowest
at US$288 per cubic metre, from USA it was the highest at
US$418 per cubic metres from 2010 and 2020.

Oak is popular in China and mainly used to manufacture
furniture, flooring, casks for wine and coffins.

Rise in numbers of furniture makers
The numbers of furniture manufacturing enterprises in
China increased between 2015 and 2020 but the overall
growth has slowed. By 2020 the number of large furniture
manufacturing enterprises in China was 6,544. As of June
2021 the number of large furniture manufacturing
enterprises rose to 6,557.

China¡¯s furniture output had been increasing between
2015 and 2017. In the first half of 2021, China's furniture
output reached 520 million pieces, up 30% from the same
period of 2020, as the country's furniture industry

Rise in wooden furniture output
China's furniture production is divided into three
categories: metal furniture, wooden furniture and soft
furniture, accounting for 51%, 40% and 9% respectively.

Wooden furniture shows an overall growth trend from
2015 to 2020. The output of wooden furniture in China
was 322 million pieces in 2020, a year on year increase of
2%, up 27% from 2015.


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

CopyRight (C) Global Wood Trade Network. All rights reserved.