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March 22, 2016

China tropical sawnwood imports up 15%; purchase prices fall

China tropical sawnwood imports up 15%; purchase prices fall

Chinese tropical sawnwood imports in 2015 totalled 4.77 million cubic metres, accounting for 18% of the national total and were valued at US$2.1 billion reflecting a 15% rise in volume but a 6% decline in value, ITTO reported.

The average price for imported tropical sawnwood was US$432 per cubic metre, a year on year decline of 19%. Just 10 countries supplied just over 96% of China’s tropical sawnwood requirements in 2015 namely, Thailand (64%), Gabon (7.2%), Philippines (6.6%), Indonesia (5.3%), Malaysia (5.2%), Cameroon (2.6%), Laos (2.2%), Ecuador (1.2%), Peru (1.1%) and Congo Rep. (1.1%).

Tropical sawnwood imports from Cameroon rose sharply (123%) in 2015 and imports from the Philippines fell dramatically (-47% ) over the same period.

The main entry points for tropical sawnwood imports in 2015 was Guangzhou and Shanghai Ports which accounted for 52% and 15% respectively of all tropical sawnwood imports.

Top 10 suppliers of sawn tropical hardwood

 2015 imports in mil. cubic meters Change in % 2014/2015
Thailand  3,050,000 37%
Gabon  340,000 41%
Philippines  320,000 -46%
Indonesia  250,000 -12%
Malaysia  250,000 0
Cameroon  120,000 24%
Laos  110,000 -27%
Ecuador  60,000 123%
Peru  50,000 -8%
Congo Rep.  50,000 20%
Data source: China Customs

Average prices for tropical sawnwood

 2015 US$/cubic meter Change in % 2014/2015
Thailand  338 -26%
Gabon  645 -2%
Philippines  148 -5%
Indonesia  770 -7%
Malaysia  496 -16%
Cameroon  679 6%
Laos  1240 -26%
Ecuador  910 21%
Peru  818 1%
Congo Rep.  651 13%
Data source: China Customs

 

 

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