US Dollar Exchange Rates of
10th
April
2021
China Yuan 6.5530
Report from China
Decline in 2020 sawnwood imports
According to data from China¡¯s Customs, 2020 sawnwood
imports totalled 33.86 million cubic metres valued at
US$7.68 billion, a year on year decrease of 11% both in
volume and in value. Of total sawnwood imports, sawn
softwood imports fell 13% to 24.82 million cubic metres
accounting for 73% of the national total which was 2%
less than in 2019.
Sawn hardwood imports fell 5% to 9.04 million cubic
metres because China¡¯s sawn hardwood imports from the
top sources, Russia and Canada, fell 13% and 36%
respectively.
Of total sawn hardwood imports, tropical sawnwood
imports were 6.59 million cubic metres valued at US$2.03
billion, a year on year increase of 9% in volume but a drop
of 5% in value and accounted for about 19% of the
national total.
 
Slight rise in the average prices for
sawnwood
The average price for imported sawnwood in 2020 was
US$227 per cubic metre, a year on year slight rise of 1%.
The average price for imported sawn softwood was
US$177 per cubic metre, up 3% year on year.
The average price for imported sawn hardwoods was
US$364 per cubic metre, a year on year decline of 6%.
The average price for imported tropical sawnwood was
US$308 per cubic metre, down 12% year on year.
China¡¯s sawnwood imports from Belarus soared
Russia still was the main sawnwood supplier to China in
2020 but China¡¯s sawnwood imports from Russia fell 13%
to 15.9 million cubic metres and accounted for 54% of the
national total, down 6% year on year. Belarus became the
fastest growing sawnwood supplier to China and
sawnwood imports from Belarus soared 114% to 630,000
cubic metres in 2020.
China¡¯s sawnwood imports from Ukraine and Germany
rose 22% and 21% to 1.06 million cubic metres and 1.08
million cubic metres respectively. China¡¯s sawnwood
imports from the USA and Gabon also increased 1% and
4% to 1.64 million cubic metres and 570,000 cubic metres
respectively in 2020.
Decline in sawn softwood imports from Russia
and
Canada
According to China Customs sawn softwood imports from
Russia and Canada, the two main sources of China¡¯s sawn
softwood imports, fell sharply in 2020 dropping 13% and
37% respectively.
However, the volume of China¡¯s sawn softwood imports
from Russia still accounts for 60% of the national total,
which has been the case for 6 consecutive years. The
market share of China¡¯s sawn softwood imports from
Canada has declined steadily since 2014.
 
Slight rise in sawn hardwood imports from
the US
China¡¯s 2020 sawn hardwood imports from most of the
main sources declined in 2020 with imports from Romania
and Malaysia falling 32% and 30% respectively. However,
China¡¯s sawn hardwood imports from the US and Gabon
rose slightly, 2% and 4% to 1.34 million cubic metres and
570, 000 cubic metere in 2020 respectively.
Rise in China¡¯s tropical sawnwood imports
Tropical sawnwood imports in 2020 were 6.59 million
cubic metres valued at US$2.03 billion, a year on year
increase of 9% in volume but drop of 4% in value and
accounted for about 19% of the national total.
Thailand still is the main source of tropical sawnwood for
China and 2020 tropical sawnwood imports from Thailand
totalled 3.55 million cubic metres, a year on year decline
in volume of 1%. Thailand¡¯s market share of tropical
sawnwood imports to China was 54% but this was down
5% year on year.
Nine countries supplied 85% of China¡¯s tropical
sawnwood requirements in 2020, namely Thailand (54%),
Gabon (8.7%), Brazil (6.5%), Philippines (4.9%),
Indonesia (2.6%), Cameroon (2.3%), Malaysia (2.2%),
Myanmar (2.0%) and Vietnam (1.7%). Tropical
sawnwood imports from Myanmar and Brazil rose 70%
and 44% year on year respectively but imports from
Malaysia, Philippines and Vietnam fell 30%, 15% and
14% year on year respectively.
 
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