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August 20, 2019

Timber exports to China: Russia and New Zealand at ”war”

Timber exports to China: Russia and New Zealand at ”war”

Russia is currently China's largest timber source. In 2018, Russian exports to China reached 15.65 million cubic meters, which is twice as much as in 2014! Despite the signs of weakness of China's timber market in 2018, the volume of Russian exports to China is still growing.

With the “Belt and Road” initiative, Russian wood has now easier access into major Chinese cities. With the continuous decline in the price of Russian timber and increase in Chinese demand, the import volume of Russian timber will continue to rise.

In the future, New Zealand's production will increase

In 2018, China imported 41.597 million cubic meters of coniferous logs, amounting to 5.786 billion US dollars, up 8.8% and 12.6% respectively. The main reason for the growth of coniferous logs was the significant increase in imports of New Zealand radiata pine logs. The quality is stable, and radiata pine is generally used in domestic construction and furniture applications.

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