China: Surge in log imports from PNG and Solomon Islands

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ITTO/Fordaq
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According to China Customs log imports totalled 9.973 million cubic metres valued at US$1.963 billion, down 33% in volume and 15% in value in the first quarter of 2022. The average CIF price for imported logs was US$197 per cubic metre, up 28% from the same period of 2021.

Most of the main suppliers of log imports saw volumes drop except for PNG and the Solomon Islands for which first quarter imports increased. China’s log imports from PNG surged 51% to 740,000 cubic metres and, from Solomon Islands imports rose 3% to 405,000 cubic metres.

The value of China’s log imports from PNG and Solomon Islands surged 80% and 45% respectively. The volume of China’s log imports from Russia fell the most dropping 57%. Declines were also seen for Germany (-51%), Brazil (-49%) and the Czech Rep. (-44%).

No log imports from Ukraine in recent years

China’s log imports from Ukraine reached more than 1 million cubic metres in 2013 and 2014 but subsequently fell to nearly zero in 2019. Since 2020 China has not imported logs from Ukraine.

Decline in China’s log imports from Laos

Laos Customs data indicates that recorded log imports from Laos have been declining since its log export ban. China’s sawnwood imports from Laos exceeded log imports in 2020 and 2021.

In the first quarter of 2022, China’s sawnwood imports from Laos totalled 16,781 cubic metres valued at US$16.81 million, up 18% in volume and 8% in value. However, China’s log imports amounted to only 7,688 cubic metres valued at US$9.79 million, down 36% in volume and 18% in value. 

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