According to data released by the China customs, in the first half of 2021, a total of 31.61 million cubic meters of logs were imported across by China, an increase of 28.91% compared to the 24.52 million cubic meters of imports in the same period last year. However, last year, imports were sharply reduced due to the coronavirus pandemic.
A total of 14.07 million cubic meters of sawn timber was imported in China from January to June, a decrease of 6.73 million cubic meters from the same period last year or 38.81% year-on-year.
However, after reaching a peak of 6.35 million cubic meters in September last year, China’s log imports are basically in a state of slow decline. Although the arrival peak in December at the end of 2020 again exceeded 6 million cubic meters, it remained at around 6 million cubic meters from January to June this year. The monthly import volume has maintained a year-on-year increase of 20%-30%.
Since the import volume in May 2020 was only 3.3 million cubic, the import volume in May of this year increased by as much as 60% year-on-year.
Another trend in log imports is the increase in the average price of log imports, especially in June. In June, log imports increased by 23.8% year-on-year, and the value of imports reached US$1.128 billion, an increase of 55.3% year-on-year.
The post Chinese H1 log imports grow sharply, while sawn timber purchases crash appeared first on Timber Industry News.