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Exchange Rates of 5th
China Yuan 8.28
Report from China
Tariffs on Imported Furniture
US government has amended the proposed tariffs on bedroom furniture
imported from China and this has been greeted as good news for consumers
but not so good news for US furniture manufacturers.
of the nine punitive tariff levels set in June have been cut means that
imports will still be competitively priced in the stores and this will put
more pressure on US Manufacturers to become more competitive or move more
production outside the US.
Trade in the
first three quarters
to statistics from China Customs, during January to September log imports
were 19,629,800 cubic metres valued at US$2.087 billion, a year on year
increase of 1% in volume and 12.7% in value
the total, coniferous log imports came to 11,935,600 cubic metres valued
at US$872.16 million, a year on year increase of 3.9% in volume and 21.8%
log imports amounted to 7,694,200 cubic metres valued at US$1.22 billion,
a year on year fall of 3.2% in volume and 7% in value. Among hardwood log
imports, tropical log imports were 5,470,000 cubic metres valued at
log imports in the first three quarters of 2004 were much the same as for
the same period in 2003 but price increases were significant. The average
price for imported logs increased to US$106.32 per cubic metre from
US$95.25 per cubic metre in 2003, up 11.6%.
log imports increased markedly and the average price for imported softwood
logs jumped around 17% to US$73.07 per cubic metre from US$62.35 per cubic
metre in 2003. At the same time hardwood log imports fell but the average
price (temperate and tropical logs) for imported hardwood logs continued
to climb to US$157.89 per cubic metre up about 10% from US$142.84 per
cubic metre in 2003.
imports in the first three-quarters were to 4,628,000 cubic metres valued
at US$1.05 billion, a year on year increase of 12% in volume and 18.4% in
value. Of the total, softwood sawnwood imports were 1,289,400 cubic metres
valued at US$210.69 million, a year on year increase of 22.3% in volume
and 33.6% in value.
sawnwood imports amounted to 3,038,600 cubic metres valued at US$834.3
million, a year on year decline of 1.2% in volume but an increase of 15%
in value terms.
softwood and hardwood sawnwood prices increased. The average price for
sawn softwood climbed 9.2% to US$163.4 per cubic metres up from US$149.57
in the same period last year.
average price for imported hardwood sawnwood rose 16.6% to US$274.56 per
cubic metre up from US$235.57 per cubic metre in the same period last
imports modest 85,100 cubic metres and showed a sharp fall, dropping 36.2%
but the import value of veneers rose 11.7% to US$82,122,000. Of the total
veneer imports, softwood veneer imports were just 2,500 cubic metres
valued at US$15.883,400 million, a year on year decline of a massive 90%
in volume and 30.9% in value.
veneer imports were only 23,100 cubic metres valued at US$14.662,100, a
year on year fall of 21% in volume and 4.5% in value. Other veneer imports
came to 59,500 cubic metres valued at US$61.57,400 million, a year on year
decline of about 24% in volume but an increase of 24% in value term
veneer imports for 2004 have changed in composition as more high value
veneers were imported.
average price for imported 'other' veneers rose to US$1,035 per cubic
metre up from US$631.96 per cubic metre in the same period last yea. At
the same time the average price for imported tropical veneer jumped about
20% to US$634.72 per cubic metre up from US$525.88 per cubic metre last
imports in the first three-quarters continued to decline and were just
573, 000 cubic metres down 7% valued at US$278.5 million. But the average
price for imported plywood increased to US$486.04 per cubic metre up from
US$456.55 per cubic metre in 2003.
will be seen that during January to September 2004 the average price for
import wood products increased, some rather sharply. The increase in
average price was greatest for hardwood veneers at about plus 64%.
next steepest jump was for tropical veneers which rose around 21%.
price increases were also recorded for coniferous logs (17%), hardwood
sawnwood (16.6%) and hardwood (plus 10.5%). The price increases for sawn
softwood (plus 9.2%) and plywood (plus 6.6%) were below the double-digit
gains seen for hardwoods.
bamboo and rattan industry
has 3 genera and 40 species of rattan plants mainly growing in tropical
and sub-tropical natural secondary forests in the south and southwest of
the country. According to a recent study there are some 300 000 hectares
of rattan resources the natural forest and the annual wild rattan
production is around 4,000-5,000 tons and has peaked at 6500 tons per
total trade value of China's rattan furniture production is currently at
around US$200 million and has been growing by around 10% annually in
rattan industry plays an important role in the development of regional
economies and currently, the largest production and distribution centres
for bamboo and rattan handicraft are in Guangdong Nanhai City and Fujian
Chenxuhe, an expert with INBAR, (International Network for Bamboo and
Rattan) has said that China's bamboo and rattan industry has great
potential and could develop better technologies to capture greater
economic benefits. Such
industries, he says have a low resources consumption, negligible
environment pollution and can help with human resource development.
of the bamboo and rattan resource base is said to require attention.
Although China has abundant bamboo resources, there are only 20 widely
used economic species. The INBAR report suggests that around half of the
bamboo forests are under-stocked and low-yielding forests. The report also
says that China's rattan industry needs some 40-50,000 tons of annually so
is heavily dependant on imports. Therefore a strong case can be made for
investment in rattan cultivation to improve the self-sufficiency in rattan
to preliminary investigation, there are some 2 million hectare of
plantation and secondary forest suitable for interplanting rattan in
Hainan, Guangdong, Guangxi and Yunnan.
terms of industrial development there is also much to do. Apparently many
bamboo and rattan enterprises are low tech and poorly managed and the
sector has not developed a broad base from which to develop its
INBAR report says there is a need to develop cooperation in the industry
to encourage the integration of raw material production and utilisation
and this process should be driven by intensive utilisation using the
latest available technologies.
support the sector it would be necessary to strengthen the scientific and
technological support to deliver innovation. R and D activities, say INBAR,
should focus on key technologies, intensive management the productivity of
bamboo and rattan in natural forests and plantations and on the
development of new applications for bamboo and rattan.
is well placed to assist with the further development of the bamboo and
rattan industries in China and its strength is in international
cooperation. INBAR is an independent, non-profit inter-governmental
international organization co-launched by China and Canada and the
headquarters is in Beijing.
has 28 member countries at present as well as some 350 organizations and
individual members. Currently, the U.S, the European Union and Brazil are
considering the organisation. International Center for Bamboo and Rattan (ICBR)
in Beijing is China's main R&D facility for bamboo and rattan and
INBAR has recognised the opportunities to bring together capacity for
scientific research on Bamboo and rattan, international cooperation and
expertise in support of development of the sector.
Province is developing very rapidly and demand for wood products is
tremendous. According to provincial statistics, in 2003 the forest cover
in the Province was 57.3%.
land area available for forestry was said to be 10.831 million hectares.
The standing volume is reported as around stock was 350.92 million cubic
metres. The annual total volume growth has been estimated at 17.42 million
consumption of the provincial forest resources was 7.29 million cubic
metres last year, taking up around two-thirds of the annual logging quota
of 11 million cubic metres.
are 8 high/medium density fiberboard plants under construction, which will
have an annual timber consumption of about 1.75 million cubic metres.
is expected that many more large scale wood-based panel enterprises will
be established in the province in the next few years. Within a few years
the annual timber consumption could jump to above 3.6 million cubic metres.
products (including logs, sawnwood, veneer, plywood, medium density
fiberboard, paper pulp and paper) imports through Guangdong Port in 2003
were 22.82 million cubic metres (log equivalent), or about 20% of the
severe shortages of forest timber resources will hamper the development of
wood-based panel enterprises in Guangdong.
Guangdong wood-based panel industry is at a critical period of
development. On the one hand, medium and small timber processing
enterprises are growing in number. Many medium and large-scale paper pulp
factories and wood-based panel mills are under construction.
is undeniable that there are insufficient resources within the province.
Analysts point out that at the moment there are many inefficient and
poorly managed enterprises in the province and as the raw material
shortages begin to bite only the best enterprises will survive and others
this background the provincial authorities have a difficult task in
planning and distributing development projects. It is necessary to
carefully control the number and scale of wood-based panel, wood chip and
paper mills to avoid aggravating the raw material supply problems. It is
reported that a decision has been made that projects with low raw material
consumption, power efficiencies and effective utilization of resources
will be encouraged and supported.
to statistics from China's Customs, in 2003 the total value of the U.S
hardwood wood products exported to China was US$197.46 million, a year on
year increase of 19.4%.
the U.S hardwoods exported to China sawnwood imports were 301,000 cubic
metres valued at US$191.3 million, a year on year increase of 24% in
volume and 30%in value.
imports were mainly of Maple (up 89%), Red oak up 16%, Ash (up 64%),
Cherry (up 120%) and Yellow poplar (up 53%). In addition to sawnwood,
China also imported a small volume of logs, veneer, flooring, plywood and
U.S hardwoods are very popular with China's interior decoration and
furniture industry because of their appearance, texture, workability and
consistency of grade. Today US hardwoods are used widely in interior work
in houses, gymnasiums, office buildings, libraries, opera houses, hotels
and sports and cultural centres.
City Imported Timber Market
Furen Wholesale Market
Shijiangzhuang Wholesale Market
De Zhou Timber
Jin City Huan Bo Hai timber Market
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