US Dollar Exchange Rates of 7th May 2009
China Yuan 6.8215
Report from China
China raises export rebate for 36 wood products
According to the China Green Times, the export rebate
rate for 36 wood products has increased as of 1 April
2009. The rates for paper products have jumped to 13%.
The export rebate rate for some wood products such as
photo frames has risen to 11% from 9%. The adjustment
of the export policy is expected to play an active role in
encouraging exports of wooden and paper products to
allow China¡¯s forest industry to be resilient as the
international economic downturn continues.
China¡¯s wooden door industry chalks robust
development over 10 year period
According to 2009 estimates, there are more than 10,000
door manufacturing enterprises in China. Of the total,
3,000 enterprises are of a large scale and capable of
mechanical production. Preliminary estimates indicate that
40% of wooden door enterprises have an annual output of
RMB10 million to RMB30 million yuan, while 30% have
an output of RMB30 million to RMB50 million yuan.
Thirty wooden door enterprises have generated outputs of
approximately RMB100 million yuan by value. Six major
door production bases have been established in the Pear
Delta, the Yangtze River Delta and three major provinces
in the northeast, southwest and northwest regions.
However, growth rates of both annual output value and
export value were slow in 2008 due to reduced domestic
demand and the international economic downturn. In
2008, wooden door exports to China fell 10% and the
value of wooden door exports declined about 3% from
2007 levels. According to statistics from the Wood Door
Committee of the China Timber Circulation Association,
domestic demand for wooden doors was expected to
exceed RMB60 million yuan in 2008.
The development of the wooden door industry is largely
driven by market demand. Competent enterprises have
expanded the scale of their production over the last few
years. New wooden door enterprises have also stimulated
production. More furniture and flooring enterprises are
also expected to modify their production patterns to
produce more wooden doors in 2009 and 2010.
China¡¯s wooden products exports and imports
continue to slide
According to recent statistics from China Customs, both
imports and exports of China¡¯s wood products continued
to decline in February 2009 due to the international
financial crisis and Chinese spring festival period. The
drop in exports and imports has lasted five months, since
October 2008. Exports fell dramatically due to sharp
decreases in furniture exports. Exports of wood-based
panels, wooden flooring and small wooden products also
continued to decline. Statistics show the total value of
wood products imports and exports fell about 20% to
USD3.14 billion, accounting for 2.5% of foreign trade,
down 0.38% from January 2009. Of the total, the value of
wood products exports declined 26% to USD1.5 billion
and the value of wood products imports fell 13% to
USD1.6 billion.
Timber imports through Taicang Port surge 46% in the
first quarter of 2009
Timber imports through Taicang Port in Jiangsu Province
were 330,000 m³ by volume and valued at UDS36.8
million, up 46% by volume and 3% by value from the
same period last year. Experts from Taicang Entry-Exit
Inspections and the Quarantine Bureau noted the two
reasons for the increase.
Firstly, timber traders had been more active in trade after
Taicang Port established a national timber fumigation
inspection zone. Secondly, Taicang Port had also been
working to optimize efficiency to attract wider supply
sources. Taicang dock companies reduced storage fees as
of 1 January 2009 and service companies at the port were
operating on a 24 hour basis.
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