Analytics, China, EU – Baltic States, Markets and Companies, Woodwork
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Friday, 29.03.2024, 09:48
Europe has rapidly become a major supplier of softwood logs to China
Wood Resources International LLC, Seattle, USA, 14.01.2020.Print version
Europe has rapidly become a major supplier of softwood logs to China, while Russia and North America have lost market shares in 2019, reportsthe Wood Resource Quarterly
China is increasing importation of logs from New Zealand and Europe, while diminishing imports from North America and Russia. As a region, Europe is now the second largest supplier of softwood logs to China behind New Zealand, reports the WRQ.
New Zealand continues to expand its market share in China, supplying 39%
of the total import volume in the 3Q/19, up from 32% five years earlier. Russia and North
America suffered the largest declines in the Chinese market share from 2015 to 2019, with
Russia’s share falling from 28% to 12%, and North America from 21% to 13% during the
same period.
In the 3Q/19, log imports from Russia were at their lowest levels in almost 20 years. The
only other major change in the Chinese market over the past few years has been an increase
in pine log shipments from Uruguay.
These have increased from just a few thousand cubic meters in 2016 to almost 2.5 million
m3 last year, making Uruguay the fifth largest log supplier to China in 2018. Startlingly,
shipments from Uruguay to China fell to less than 200,000 m3 in the 3Q/19, when prices
for logs plummeted to the point where it no longer made financial sense for Uruguayan
exporters to ship logs.
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