US Dollar Exchange Rates of
10th
Feb
2022
China Yuan 6.355
Report from China
Rise in log imports in 2021
According to China Customs, log imports in 2021
totalled 63.58 million cubic metres valued at
US$11.594 billion (CIF), a year on year growth of
6% in volume and 38% in value. The average price
for imported logs was US$182 (CIF) per cubic metre,
up 29% on levels in 2020.
Of total log imports 2021 softwood log imports rose
7% to 49.88 million cubic metres and accounted for
78% of the national total. The average price for
imported softwood logs was US$158 (CIF) per cubic
metre, up 35% on levels in 2020.
Hardwood log imports in 2021 grew 6% to 13.7
million cubic metres (22% of the national total log
imports). The average price for imported hardwood
logs in 2021 was US$271 (CIF) per cubic metre, up
17% on 2020.
Of total hardwood log imports, tropical log imports
were 5.42 million cubic metres valued at US$1.746
billion, down 2% in volume and up 15% in value
from 2020 and accounted for 9% of the national total
import volume.
 
Log imports from Uruguay and Brazil soared
According to China Customs the volume of log
imports from Uruguay and Brazil in 2021 soared
128% and 120% to 2.08 million cubic metres and
2.03 million cubic metres respectively which
contributed to the increase in log imports even during
the outbreak of the novel coronavirus.
New Zealand and Germany were the main suppliers
of logs to China and the proportion from the two
countries was 51% of the national total in 2021.
New Zealand still was the largest supplier of logs to
China¡¯s in 2021 accounting for 32% of the national
total. China¡¯s log imports from New Zeland in 2021
were 20.47 million cubic metres valued at US$3.356
billion, up 26% in volume and 77% in value. The
average price for imported logs from New Zealand
was US$164 (CIF) per cubic metre, up 41% sharply
on levels in 2020.
Germany was ranked the second largest log supplier
to China in 2021 accounting for 19% of the national
total. China¡¯s log imports from Germany came to
12.1 million cubic metres valued at US$1.927 billion,
up 15% in volume and 54% in value. The average
price for imported logs from Germany was US$159
(CIF) per cubic metre, up 35% on levels in 2020.
China¡¯s log imports from Russia grew only 0.4% in
2021 and log imports from France and the USA rose
52% and 23% respectively, imports from both
Canada and Japan increased 6%.
China¡¯s log imports from the Czech Rep. fell 52% to
1.62 million cubic metres and log imports from PNG
and Solomon Is. also fell 18% and 15% respectively.
Rise in hardwood log imports in 2021
Hardwood log imports in 2021 grew 6% to 13.7
million cubic metres (22% of the national total log
imports). Nearly 80% of hardwood log imports were
from Russia (19%), PNG (16%), Solomon Is. (13%),
Brazil (9%), USA (6%), France (4%), the Republic of
Congo (4%), Cameroon (3%), Germany (3%) and
Mozambique (3%).
China¡¯s hardwood log imports from Russia and
Brazil rose 36% and 65% respectively however,
imports from PNG and Solomon Is. fell.
Slight decline in volume of tropical log
imports
Of total hardwood log imports, tropical log imports
were 5.42 million cubic metres valued at US$1.746
billion CIF, down 2% in volume but up 15% in value
on 2020. Tropical logs account for 9% of the national
total import volume.
The average price for imported tropical logs was
US$322 CIF per cubic metre, up 17% on levels in
2020.
Import volumes from the top 3 suppliers (PNG,
Solomon Is. and the Republic of Congo) fell 5%,
10% and 7% to 1.7 million cubic metres, 1.06 million
cubic metres and 0.54 million cubic metres
respectively which resulted in the decline of tropical
log imports in 2021.
Rise in China¡¯s log imports from Myanmar
Myanmar was a major source of tropical logs for
China before its log export ban and China¡¯s log
imports from Myanmar have been declining for many
years. However, log imports from Myanmar in 2021
soared to 10,732 cubic metres valued at US$13.55
million, up 331% in volume and 390% in value. The
average price for imported tropical logs from
Myanmar in 2021 fell to US$420 (CIF) per cubic
metre, down 13% over 2020.
Rise in CIF prices for main suppliers
The average price for imported logs was US$182
(CIF) per cubic metre, up 29% on levels in 2020. The
CIF prices of all the main suppliers rose in 2021. The
supplier with the lowest rise in CIF price for was
Russia (10%). The Czech Rep. saw the largest rise in
CIF price (42%) and New Zealand (41%). The rise in
CIF price for log imports from Germany was 35%.
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