{"id":76945,"date":"2019-01-14T11:01:17","date_gmt":"2019-01-14T11:01:17","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/chinese-trade-tariffs-and-brexit-effects-on-the-european-hardwood-market\/"},"modified":"2025-09-19T08:49:42","modified_gmt":"2025-09-19T08:49:42","slug":"chinese-trade-tariffs-and-brexit-effects-on-the-european-hardwood-market","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/chinese-trade-tariffs-and-brexit-effects-on-the-european-hardwood-market\/","title":{"rendered":"Chinese trade tariffs and Brexit effects on the European hardwood market"},"content":{"rendered":"<div class=\"article-content\">\n<p><em>Projecting into 2019, importers were concerned at the potential for an increase in market impacts of Chinese tariffs on US timber. Currently at 5-10% these are scheduled to double in March 2019.<\/em><\/p>\n<p>\u201cSo far, US shippers and Chinese buyers seem to have split the difference, but that will change when tariffs rise,\u201d a UK importer told the country\u2019s Timber Trades Journal. \u201cWith China accounting for over 50% of all US hardwood exports, that has to have repercussions.\u201d<\/p>\n<p>As 85% of Chinese US imports are red oak, one importer said they wouldn\u2019t \u2018simply be able to shop for oak in Europe on a like for like basis\u2019. \u201cMoreover, China is reported to have high inventories, so impacts will be delayed,\u201d they said.<\/p>\n<p>Another trader, however, felt the longer tariffs persisted, the more likely it was Europe would experience fallout. Possible consequences cited could be: destabilisation of US hardwood prices; increased Chinese consumption of European hardwoods, notably oak, plus tropical timber; and greater diversion of American hardwoods to other global markets, notably Vietnam and the EU.<\/p>\n<p>As for Brexit, at least one leading Nordic softwood supplier plans to increase UK landed stocks in case of delays at customs. One UK hardwood importer did say they planned to use a wider spread of ports in case of administrative hold ups.<\/p>\n<p>However, no UK importer said they were increasing stockholding, with reasons given including hardwoods\u2019 higher unit prices and generally slower stock turn.<\/p>\n<p>\u201cYou\u2019ve got to be able to get extra stock, pay for it and have somewhere to put it, and not many hardwood traders can tick all those boxes,\u201d an agent told the TTJ.<\/p>\n<p>While the UK government has said it will transfer the EU Timber Regulation and FLEGT regulation into British law post Brexit, another uncertainty is whether UK operators will have to undertake due diligence on imports from the EU and if there will be mutual recognition of FLEGT licenses.<\/p>\n<p>The UK FLEGT and EUTR competent authority says it says it expects these issues to be resolved before March 29, but at this time there is no firm news.<\/p>\n<p>Longer term, however, UK importers and their suppliers expect Brexit disruption to be time limited. \u201cIt may result temporarily in more cautious consumers and stickier supply chains, but working with partners across Europe and worldwide, we\u2019ll find solutions,\u201d said a UK importer.<\/p>\n<p>\u201cIt\u2019s in everyone\u2019s interests, suppliers and buyers alike.\u201d<\/p>\n<p>A continental EU supplier echoed this view. \u201cThe UK is a big market of 60 million consumers. They\u2019ll ultimately still want hardwood and we\u2019ll still want to supply it,\u201d they said.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Projecting into 2019, importers were concerned at the potential for an increase in market impacts of Chinese tariffs on US timber. Currently at 5-10% these are scheduled to double in March 2019. \u201cSo far, US shippers and Chinese buyers seem &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/chinese-trade-tariffs-and-brexit-effects-on-the-european-hardwood-market\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3604,3254,3299,3247,3257],"class_list":["post-76945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-brexit","tag-china","tag-europe","tag-hardwood","tag-tariffs","topic-forestry","topic-sawmilling","area-china","area-europe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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