US Dollar Exchange Rates of 11th
August 2011
China Yuan 6.4176
Report from China
China¡¯s international trade in wood products records
strong growth in the first half of 2011
Due to the continuing rapid growth of the domestic
economy and a slight recovery in the world economy
during the early part of the year, China¡¯s international
trade in wood products recorded strong growth in the first
half of 2011. This was especially noticeable for imports of
logs, sawnwood and chips as well as for exports of
wooden furniture and plywood.
Log imports
During the first half of 2011 China imported 20.75 million
cubic metres of logs worth US$3918.7 million, up 25
percent in volume and 35 percent in value over the same
period last year.
Of the total, imports of softwood logs were 15.09 million
cubic metres, (US$2,319.9 million), up 33 percent in
volume and 84 percent in value. Imports of hardwood logs
were 5.66 million cubic metres, valued at US$1,598.8
million, up 8 percent in volume and 11 percent in value.
Of the total, tropical log imports amounted to 4.13 million
cubic metres, accounting for 20 percent, a decline of 2
percent from the same period last year.
Log imports from Russia continued to decline, while
imports from North America and New Zealand increased
significantly. The top ten suppliers of logs to China in the
first half of 2011 are shown below.
Sawnwood
Almost 10 million cubic metres of sawnwood (excluding
sleepers) were imported in the first half of 2011 at a value
of US$2, 618.8 million. Sawnwood imports rose 54
percent in volume and 58 percent in value from the same
period last year.
Of the total, coniferous sawnwood imports were 6.87
million cubic metres, valued at US$1,422.6 million.
Imports of hardwood sawnwood totaled 3.11 million cubic
metres, valued at US$1196.2 million. Imports of
sawnwood were mainly from Russia and North America.
Wooden furniture imports
A total of 2.45 million pieces of wooden furniture
(including seats, office, kitchen, bedroom and other
furniture) were imported between January and June this
year. Furniture imports were valued at US$250 million, up
38 percent in number of pieces and 56 percent in value
from the same period last year.
Plywood, fibreboard and particleboard imports
Plywood imports amounted to 91,600 cubic metres in the
volume and 10 percent in value from the same period last
year.
Imports of plywood came mainly from Malaysia and
Indonesia. China imported 38,100 cubic metres of
plywood from Malaysia and 30,100 cubic metres from
Indonesia.
Imports of fibreboard totaled of 45,800 tonnes during the
period under review and these were valued at US$32.1
million. Fibreboard imports dropped sharply in the first
half of the year.
Particleboard imports rose 24 percent during the first half
of the year to 193 900 tonnes and were worth US$ 65.7
million, up 32 percent from the first half of 2010.
Wooden furniture exports
China¡¯s exports of wooden furniture (including wooden
framed seats, office, bedroom, kitchen and other wooden
furniture) in the first half of 2011 were valued at
US$8,040 million, a 9 percent increase compared to the
same period last year.
Of the total value exports of seats and other furniture
amounted to USUS$2,646 million and US$3248 million,
accounting for 33 percent and 40 percent respectively,
followed by bedroom furniture, up 20 percent to
US$1,635.7 million.
Plywood exports
China exported 4.59 million cubic metres of plywood in
the first half of 2011, valued at US$2040 million, up 30
percent in volume and 29 percent in value over the same
period last year. The US is the biggest importer; other
major importers are Japan, UK, Korea and UAE.
Fibreboard exports
In first half of 2011 1.09 million tonnes of fibreboard were
exported at a value of US$695 million, up 12 percent from
the same period last year.
Exports of HTS 4409 - special shaped wood
Exports of specially shaped wood (HTS No 4409, mainly
solid wood flooring and mouldings) totaled 192,600
tonnes in the first half of 2011; these were worth US$
299.6 million, down 9 percent on 2010 first half exports.
Sawnwood and veneer exports
A total of 273,900 cubic metres of sawnwood were
exported during the first half of this year and these were
valued at US$182 million, up 4 percent in volume and 10
percent in value from last year.
Sawnwood exports were mainly to Japan (168,100 cubic
metres, accounting for 61 percent of total exports), Korea
(35,800 cubic metres, 13 percent) and USA (14,200 cubic
metres, 5 percent).
China also exported some 89, 400 tonnes of veneer in this
period, valued at US$133.28 million. Of this total
softwood veneer exports reached 8,400 tonnes and
accounted for 9 percent while tropical veneer exports were
3,700 tonnes.
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