|
US
Dollar Exchange Rates of 14th Mar. 2008
China Yuan
7.090
Report from China
China furniture exports breach USD20 billion in 2007
According to statistics from the General Administration of
Customs, the total value of exported wooden, metal,
plastic, stone and glass furniture in China accounted for
USD24.34 billion in 2007, up 35.1% from 2006. The total
value of exports amounted to USD23.27 billion, increasing
34.95% from 2006; the import value was USD1.07 billion,
up 37.75%. The main factors driving China¡¯s furniture
exports were:
1) Stable growth of different types of furniture: The
main exported furniture products were metal
framed seats, wooden framed seats, as well as
metal and wooden furniture. The export value of
these furniture types amounted to USD10.83
billion, representing 46.5% of total exports.
2) Unit prices increased considerably: Compared
with 2006, unit prices in 2007 rose 114%, with
unit prices for some types of seats growing nearly
1,000 times.
3) The U.S. remained the largest export destination:
In terms of value, China exported about USD10
billion of various types of furniture to the US in
2007, up 26.7% from the year before, accounting
for 43% of China¡¯s total export value. Other
important markets were the UK, which accounted
for USD 1.52 billion or 6.5% of China¡¯s total
export value; Japan with USD1.46 billion (6.3%);
Hong Kong S.A.R., USD1.18 billion (5.1%); and
Canada, USD846 million (3.7%). Over 80% of
furniture exported to the EU was sent to the UK,
Germany, France, Netherlands, Spain, Italy and
Belgium.
4) Guangdong Province ranked first in furniture
exports: In terms of value, Guangdong exported
USD9.3 billion in 2007, representing about 40%
of the nation¡¯s total, up 33.8% over the last year.
After Guangdong, Zhejiang exported USD4.49
billion, growing 45.8% in 2007. Shanghai was
the third largest exporter with USD2.59 billion in
2007, up 51.8% from 2006. Following Shanghai,
Jiangsu and Fujian provinces exported USD1.9
billion and 1.35 billion, up 35.4% and 21.9%
respectively.
5) Private enterprises¡¯ share of exports further
increased: Furniture exports by private
enterprises grew dramatically in 2007, up 56.9%
from 2007 and accounting for 28.3% of total
exports from China. Joint ventures exported
USD13.36 billion worth of furniture in 2007, up
29.6% from 2006, accounting for 57.4% of the
nation¡¯s total. State-owned enterprises ranked
third, exporting USD2.72 billion worth of
furniture, 21.8% more than the year before.
Collective-owned enterprises also exported
USD508 million of furniture, up 18.8% over
2006 levels and accounting for 2.2% of China¡¯s
total exports.
Imported log volume drops at Taicang Port
Taicang Port of Jiangsu Province, which is located at the
center of Yangtze River Delta, imported 1.02 million m³
of logs in 2007, valued at USD105.49 million. Some
31,000 m³ of logs valued at USD3.79 million came from
New Zealand. There were also small amounts of logs
imported from Madagascar and Slovakia shipped by
container. The logs imported through Taicang Port in 2007
were down 7.3% from 2006 in terms of volume, although
the imported value was up 12.4% during the same period.
It is expected that logs imported through Taigcang Port
will rise nearly 50% to 1.5 million m³ in 2008.
China¡¯s wood flooring output to reach 500 million m² in
2010
There have been about 3,000 enterprises and about 1
million employees engaged in this sector, since wood
flooring production began in the mid-1980s. The total
productive value of the industry reached about RMB50
billion yuan. According to statistics from the Chinese
Forest Products Industry Association, China¡¯s output of
wooden flooring was 350 million m² in 2007. Mr. Zhang
Wenling, Secretary General of the Association, anticipated
that output of Chinese wood flooring would grow by over
10% annually in the next two years and reach 500 million
m² in 2010.
Zhaoyin set to be largest port for log imports in Fujian
Province
Zhaoyin Port in Zhangzhou City has now become the
largest port in Fujian to import logs. Over 606 thousand
m³ of logs valued at USD73.39 million were imported in
2007, up 50% in volume and 85% in value from 2006. The
rapid increase in log imports in Zhaoyin Port is due to the
following: demand for plywood logs due to the rapid
increase in productive capacity for plywood in China;
rapid development of the wood processing industry,
especially the plywood industry, and the promotion of
wood consumption in Zhangzhou district; and a reduction
in imports of radiata pine in Korea, Indonesia as well as
certain provinces in China.
|
