Wood imports
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EU tropical wood import value at highest level for a decade
In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year (Chart 1). A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in... Continue reading
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June 2, 2022
EU tropical wood import value at highest level for a decade
In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year (Chart 1). A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in... Continue reading
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April 4, 2022
Near-term outlook of China's logs and lumber imports market uncertain
Can Russia quickly expand its lumber exports to China? Same as last year, there are still many concerns on the global log supplies to China, such as harvest reductions in New Zealand and Europe; fewer arrivals from South America given the high shipping cost; almost no supplies of SYP due to the new regulation and no supplies from Russia and Australia. Moreover, the SPF and SYP lumber imports from North America is predicted to further decline in the coming months due to the new inspection regulations for Pinewood Nematode (PWN). All those supply constraints have resulted in a rapid growth of C&F prices offered from international suppliers in January and February this year. Recent RMB currency appreciation has been helpful for Chinese companies to accept higher C&F prices offered by overseas suppliers, either in US$ or Euro. Higher prices accepted in China could drive higher... Continue reading
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June 2, 2022
EU tropical wood import value at highest level for a decade
In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year (Chart 1). A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in... Continue reading
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April 4, 2022
Near-term outlook of China's logs and lumber imports market uncertain
Can Russia quickly expand its lumber exports to China? Same as last year, there are still many concerns on the global log supplies to China, such as harvest reductions in New Zealand and Europe; fewer arrivals from South America given the high shipping cost; almost no supplies of SYP due to the new regulation and no supplies from Russia and Australia. Moreover, the SPF and SYP lumber imports from North America is predicted to further decline in the coming months due to the new inspection regulations for Pinewood Nematode (PWN). All those supply constraints have resulted in a rapid growth of C&F prices offered from international suppliers in January and February this year. Recent RMB currency appreciation has been helpful for Chinese companies to accept higher C&F prices offered by overseas suppliers, either in US$ or Euro. Higher prices accepted in China could drive higher... Continue reading
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April 4, 2022
Near-term outlook of China's logs and lumber imports market uncertain
Can Russia quickly expand its lumber exports to China? Same as last year, there are still many concerns on the global log supplies to China, such as harvest reductions in New Zealand and Europe; fewer arrivals from South America given the high shipping cost; almost no supplies of SYP due to the new regulation and no supplies from Russia and Australia. Moreover, the SPF and SYP lumber imports from North America is predicted to further decline in the coming months due to the new inspection regulations for Pinewood Nematode (PWN). All those supply constraints have resulted in a rapid growth of C&F prices offered from international suppliers in January and February this year. Recent RMB currency appreciation has been helpful for Chinese companies to accept higher C&F prices offered by overseas suppliers, either in US$ or Euro. Higher prices accepted in China could drive higher... Continue reading
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June 2, 2022
EU tropical wood import value at highest level for a decade
In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year (Chart 1). A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in... Continue reading
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June 2, 2022
EU tropical wood import value at highest level for a decade
In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year (Chart 1). A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in... Continue reading
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April 4, 2022
Near-term outlook of China's logs and lumber imports market uncertain
Can Russia quickly expand its lumber exports to China? Same as last year, there are still many concerns on the global log supplies to China, such as harvest reductions in New Zealand and Europe; fewer arrivals from South America given the high shipping cost; almost no supplies of SYP due to the new regulation and no supplies from Russia and Australia. Moreover, the SPF and SYP lumber imports from North America is predicted to further decline in the coming months due to the new inspection regulations for Pinewood Nematode (PWN). All those supply constraints have resulted in a rapid growth of C&F prices offered from international suppliers in January and February this year. Recent RMB currency appreciation has been helpful for Chinese companies to accept higher C&F prices offered by overseas suppliers, either in US$ or Euro. Higher prices accepted in China could drive higher... Continue reading
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June 2, 2022
EU tropical wood import value at highest level for a decade
In the first three months of this year, the value of EU imports of tropical wood and wooden furniture was at a level not seen for over a decade. Import value was US$1.05 billion in the first quarter, a gain of 22% compared to the same period last year. It was also 16% up on the last quarter in 2021 when trade was already at a decadal high for that period of the year (Chart 1). A large part of the gain in tropical wood import value in the first quarter this year reflected a rise in CIF prices, driven both by continuing high freight rates and severe shortages of wood and other materials due to logistical challenges during the global pandemic. In quantity terms, EU imports of tropical wood and wooden furniture products in the first quarter this year were, at 459,000 tonnes, up only 10% compared to the same period in 2021 and slightly below the pre-pandemic level of 479,000 tonnes in... Continue reading