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China Wood Products Prices

16 – 31th Jul 2022

US Dollar Exchange Rates of  25th  Jul 2022
China Yuan 6.751

Report from China 


   National real estate development January to June 2022
Data from the National Bureau of Statistics of China
shows that in the first six months of 2022 national real
estate development investment was down 5.4% year on
year with residential investment dropping 4.5%.

Between January and June this year the area under
development was down 2.8% year on year and the area of
residential construction was down 2.9%. Housing
completions were down 21.5% with completed residential
building being down 20.6% year on year.


Decline in sawnwood imports in 2021
Sawnwood imports totalled 28.84 million cubic metres
valued at US$7.86 billion in 2021, down 16% in volume
but up 3% in value year on year.

Sharp decline in sawnwood imports from Ukraine
In the first five months of 2022 China¡¯s sawnwood
imports totalled 10.78 million cubic metres valued at
US$3.129, down 6% in volume but up 8% in value.

China¡¯s sawnwood imports from Ukraine fell 66% to
160,000 cubic metres and the import value fell 58% to
US$37 million in the first five months of 2022.

Russia, as the largest provider of China¡¯s sawnwood
imports, saw its exports to China drop 4% to 4.9 million
cubic metres in the first five months of 2022.

However, Thailand, as the second largest supplier of
sawnwood to China, saw its export volume and value rise
16% and 6% respectively in the first five months of 2022.

Surge in sawnwood imports from Austria
China¡¯s sawnwood imports from Austria surged 162% to
120,000 cubic metres, valued at US$17 million, up 39% in
the first five months of 2022.

Strong plywood exports continue
Plywood exports steadily increased between 2012 to 2021.
China¡¯s plywood exports rose 23% from 10 million cubic
metres in 2012 to 12 million cubic metres in 2021. China¡¯s
plywood exports in 2021 rose 19% to 12.35 million cubic
metres year on year.

In contrast, China¡¯s plywood imports show an overall
declining trend as imports fell 10% from 180,000 cubic
metres in 2012 to 160,000 cubic metres in 2021. China¡¯s
plywood imports in 2021 declined 29% to 160,000 cubic
year on year.

Rise in China¡¯s 2022 plywood exports
According to China Customs, plywood exports were 4.80
million cubic metres valued at US$2.481 billion, up 6% in
volume and 22% in value in the first five months of 2022.
The reason for the increase due to sales to Japan, UAE,
Saudi Arabia, Mexico, Australia and Canada. ( up 19%,
20%, 82%, 33%, 60%, 56% and 18%) in the first five
months of 2022.

However, China¡¯s plywood exports to the Philippines,
UK, USA and Vietnam declined 21%, 3%, 27% and 14%
in the first five months of 2022.

The markets for China¡¯s plywood exports are diverse and
the top 11 markets account for just 50% of total exports.

Accelerated construction of timber trading centre for
One Belt and One Road
A timber trading centre is being established in the Xi¡¯an
international port to take advantage of Xi 'an¡¯s location
with the China-Europe Express. The advantages identified
include stable, efficient and convenient international
railway logistics and developed industrial projects.

On completion this centreis expected to have a cargo
capacity exceeding 1 million cubic metres, at the same
time more than 600 jobs can be created. The centre will
play a strong role in improving people's livelihood and
promoting the development of the forestry industry.


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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