US Dollar Exchange Rates of
10th
Mar
2022
China Yuan 6.3177
Report from China
Decline in 2021 sawnwood imports
According to data from China’s Customs 2021 sawnwood
imports totalled 28.84 million cubic metres valued at
US$7.86 billion, a year on year decrease of 16% in
volume but an increase of 3% in value on 2020.
Of total sawnwood imports, sawn softwood imports fell
23% to 19.60 million cubic metres accounting for 68% of
the national total. Sawn hardwood imports rose 4% to 9.24
million cubic metres in 2021. China’s sawn hardwood
imports from the top sources; Thailand, Russia, the
Philippines, Romania and Germany rose 6%, 28%, 98%,
18% and 20% respectively in 2021.
Of total sawn hardwood imports tropical sawn hardwood
imports were 6 million cubic metres valued at US$1.88
billion, a year on year increase of 2% in volume but a drop
3% in value and accounted for about 21% of total imports,
up 2% on 2020.
Rise in average prices for sawnwood
The average price for imported sawnwood in 2021 was
US$272 per cubic metre, a year on year rise of 20%. The
average price for imported sawn softwood was US$221
per cubic metre, up 25% year on year. The average price
for imported sawn hardwoods was US$381 per cubic
metre, a year on year increase of 5%. The average price
for imported tropical sawn hardwood was US$314 per
cubic metre, up 2% year on year.
Surge in sawnwood imports from the
Philippines
Russia was the main sawnwood supplier to China in 2021
but sawnwood imports from Russia fell 10% to 14.07
million cubic metres and accounted for 49% of the
national total.
The Philippines was a sawnwood supplier to China in
2021 and sawnwood imports surged 98% to 640,000 cubic
metres. In contrast, sawnwood imports from Thailand and
Brazil rose 6% and 30% to 3.77 million cubic metres and
540,000 million cubic metres respectively in 2021.
China’s sawnwood imports from Canada, USA, Finland
and Germany declined 45%, 33%, 32% and 41%
respectively in 2021 which was the main reason for the
decline in the total China’s sawnwood imports in 2021.
Rise in China’s sawn softwood imports from Brazil and
New Zealand
According to Customs data sawnwood imports from
Russia and Canada, the two main source countries of
China’s dropped 13% and 45% respectively in 2021. The
volume of sawn softwood imports from Russia accounted
for 66% of the national total in 2021 which has been the
case for 7 consecutive years. The market share of China’s
sawn softwood imports from Canada has declined steadily
since 2014 and was just 8% of total imports in 2021.
Decline in sawn hardwood imports from USA
Thailand, Russia and USA still are the main sources for
China’s sawn hardwood imports in 2021 accounting for
41%, 12.3% and 12.2% respectively in 2021.
China’s sawn hardwood imports from Thailand and Russia
rose 6% and 28% to 3.77 million cubic metres and 1.14
million cubic metres respectively. However, sawn
hardwood imports from USA declined 13% in 2021.
In addition, China’s sawn hardwood log imports from the
Philippines, Romania and Germany grew 98%, 18% and
20% respectively.
China’s tropical sawn hardwood imports
China’s tropical sawn hardwood imports in 2021 were 6
million cubic metres valued at US$1.88 billion, a year on
year increase of 2% in volume but drop 3% in value and
accounted for about 21% of the national total, up 2% on
2020 levels. Thailand still is the main source of tropical
sawn hardwood for China and 2021 tropical sawn
hardwood imports from Thailand totalled 3.773 million
cubic metres valued at US$1.017 billion, a year on year
increase of 6% in volume and 7% in value in 2021.
Thailand’s share of tropical sawn hardwood imports by
China rose to 63% in 2021 from 54% in 2020. The
increase in China’s tropical sawn hardwood imports from
Thailand contributed to the growth in total 2021 imports.
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