Select Page

According to China Customs, plywood exports in the first half of 2020 were 4.778 million cubic metres valued at US$1.92 billion, down 6% in volume and 14% in value over the same period of 2019. The average price for China’s plywood exports fell 9% to US$402 per cubic meter in the first half of 2020.

The markets for plywood exports were diverse. The proportion of plywood exports to the Philippines was largest at nearly 8% and around 60% of exports went to 14 countries with each buying over 100,000 cubic metres.

Exports to most markets fell in the first half of 2020. The decline in exports to the US was the greatest at -26%.

Although the Philippines became a major buyer of China’s plywood in the first half of 2020 taking 372,000 cubic metres valued at US$134 million, there was a 22% drop in volume and a 24% drop in value year on year.

China’s plywood exports to Malaysia surged 97% to 252,000 cubic metres in the first half but there was a 27% decline in average prices for exports to Malaysia. Malaysia was once a major supplier of plywood to China but now China’s plywood imports from Malaysia totaled just 7,760 cubic metres valued at US$3.73 million in the first half of 2020.

China’s plywood exports to Saudi Arabia and Thailand rose 43% and 27% to 21,000 cubic metres and 172,000 cubic metres respectively in the first half of 2020.

Qingdao and Lianyungang the main ports for plywood exports

According to China Customs, Qingdao and Lianyungang Ports were the major exit ports for China’s plywood exports in the first half of 2020. 70% of China’s plywood exports were through Qingdao and Lianyungang Ports.

China’s plywood exports through Beilun Port rose in the first half of this year to 182,000 cubic metres however, the value of China’s plywood exports through Beilun Port fell 31%, the average price for China’s plywood exports through Beilun Port was the lowest at US$108 per cubic metre.

The post Chinese plywood exports drop sharply in value appeared first on Timber Industry News.