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After February, a large volume of German spruce lumber was reported at the Chinese ports, with imports reaching approximately 340 thousand cubic meters up to May.

The SF-grade German spruce market price of 1,650 yuan/m3 has a very big impact on Finnish spruce and Russian pine suppliers, mostly because the length specification is very responsive to market demand, and the sales are better.

In Germany, sawlog prices have seen a steady decline since early 2018 from spruce bark beetle and storm wood availability – they had dropped by almost 50% by the end of 2019.

With increasing volumes of distressed sawlogs at low price levels, German sawmills have become more cost-competitive and are now able to access export markets easier and with positive margins.

European Union countries’ exports of spruce lumber to China

Exporting Country Jan.-May 2019 Jan.-May 2020 Change in %
EUROPEAN Union
1,052,768 1,526,956 45 %
Sweden
228,651 405,441 77 %
Finland
402,135 366,527 -9 %
Germany
208,084 340,207 63 %
Belgium
28,898 118,160 309 %
Austria
91,637 104,977 15 %
Others
93,363 191,644 105 %
OTHER European Countries
278 219 -21 %
Croatia
278 219 -21 %
TOTAL 1,053,046 1,527,175 45 %

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