China's Timber Imports Fell By 20% Year-On-Year

The current sluggish domestic demand in China, especially the downturn in real estate, has dragged down the overall market of Mufang. The price of single logs and sawn timber has a strong upward trend. The price tolerance of China's domestic market is limited. Chinese timber merchants have a low mood to purchase imported timber. However, the demand for timber in China is increasing year by year, and the market share of domestic timber may expand.

According to customs statistics, from January to April 2022, China's total import trade volume of wood and wood products was 37.307 billion yuan, down 4.9% year-on-year; the total import volume of wood and wood products reached 18.4 million tons, down 23.1% year-on-year; China's log imports The total volume of sawn timber was 13.81 million m3, a year-on-year decrease of 32.1%; the amount reached 17.530 billion yuan, a year-on-year decrease of 15.6%; the total imported sawn timber volume was 8.4 million m3, a year-on-year decrease of 5.7%; the amount reached 15.631 billion yuan, a year-on-year decrease of 7.6%.

In April 2022, the import volume of logs in China was 3.84 million m3, down 29.0% year-on-year; the value was 5.014 billion yuan, down 14.6% year-on-year; the import volume of sawn timber was 2.17 million m3, down 20.1% year-on-year, and the value was 4.140 billion yuan, down year-on-year 4.3%.

According to the import amount of logs and sawn timber, the individual prices of logs and sawn timber have risen. Combined with the recent exchange rate impact, the cost of raw materials for timber processing plants has increased, but the downstream demand volume is insufficient, the room for finished products to rise is small, and it is difficult to support the price of wood. If it is larger, there are situations such as price inversion and chaotic quotations in the wooden square market. In the housing construction and infrastructure projects with many applications of wood, the current real estate market lacks confidence, the capital turnover of housing construction is not good, the rate of resumption of work is low, and the capital flow of infrastructure projects is still good, but due to the impact of public health events, the project is closed and construction restricted The demand for purchasing building materials, the volume of timber transactions in the short term is average.

On the whole, the sluggish domestic demand in China, especially the downturn in real estate, has dragged down the overall market of wooden squares, resulting in continuous accumulation of warehouses, slowing shipments and falling prices. The price of single logs and sawn timber has a strong upward trend, and the price tolerance of the Chinese market is limited. Chinese timber merchants have a low mood to purchase imported timber. However, the demand for timber in China is increasing year by year, and the market share of domestic timber may expand. At present, the situation of epidemic prevention and control in China has improved, the rainy season is coming, the market increment is limited, and the downstream construction progress is still blocked.