{"id":78155,"date":"2019-09-24T09:27:33","date_gmt":"2019-09-24T09:27:33","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/chinese-wood-imports-to-stabilize-despite-a-slowing-economy-and-high-2019-domestic-stocks\/"},"modified":"2025-09-19T08:51:43","modified_gmt":"2025-09-19T08:51:43","slug":"chinese-wood-imports-to-stabilize-despite-a-slowing-economy-and-high-2019-domestic-stocks","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/chinese-wood-imports-to-stabilize-despite-a-slowing-economy-and-high-2019-domestic-stocks\/","title":{"rendered":"Chinese wood imports to stabilize despite a slowing economy and high 2019 domestic stocks"},"content":{"rendered":"

China\u2019s 2019 imports of wood products are projected to stabilize despite a slowing economy and high 2019 domestic stocks. Softwood 2019 imports are forecast up due to competitively priced foreign exports and increased domestic applications for softwoods in furniture manufacturing. Hardwood 2019 imports are projected down due to weak demand from the furniture manufacturing sector and the interior-decoration market.<\/strong><\/em><\/p>\n

Growth in China\u2019s wood processing sector is expected to slow with weaker global demand for Chinese products and more stringent environmental regulations. Overall wood products exports from China will likely decline in 2019 due to robust foreign competition and declining U.S. demand, due in part, to additional U.S. tariffs on Chinese wood products. On May 13, 2019, the State Council Tariff Commission (SCTC) announced that the government would administer an exclusion process for the additional tariffs imposed on specific U.S. exports. Three wood products\u2019 (H.S. 44013100, 44013900 and 44032190) tariff lines are included in the first list of applicable products. Exclusions granted will be made publicly available, however, no records have been published at this time.<\/p>\n

China\u2019s 2019 imports of wood products are projected to stabilize despite a slowing economy and high 2019 domestic stocks. Growth in China\u2019s wood processing sector is expected to slow with weaker global demand for Chinese products and more stringent environmental regulations.<\/span><\/p>\n

Softwoods<\/strong><\/p>\n

Imports in 2019 are forecast up due to competitively priced imports and increased applications for softwoods in furniture manufacturing.<\/p>\n

Log imports for 2019 are forecast at 36 million tons, about five percent higher than in 2018 (34 million tons).<\/p>\n

In 2018, New Zealand was again the largest softwood log exporter to China, accounting for over a third of total imports, followed by Russia (20 percent) and the United States (12 percent).<\/p>\n

Lumber imports for 2019 are forecast at 18 million tons, roughly fifteen percent higher than the previous year (15.6 million tons). Russia continues to be the largest softwood lumber exporter to China, accounting for about 70 percent of total imports, followed by Canada (14 percent).<\/p>\n

However, Russia\u2019s Minister of Natural Resources and the Environment threatened to effectively ban all timber exports to China in early August, due to issues with supposed Chinese buying of illegallylogged timber products in Russia.<\/p>\n

Hardwoods<\/strong><\/p>\n

Imports in 2019 are projected down due to weak demand from the furniture manufacturing sector and the interior-decoration market. China imports more temperate hardwoods than tropical, supporting the country\u2019s goal in sourcing more sustainable wood products.<\/p>\n

Log imports for 2019 are forecast at 16 million tons, representing a 10 percent decrease from 2018. Papua New Guinea is the largest hardwood log exporter to China, accounting for 17 percent of China\u2019s total imports, followed by Russia (15 percent), Solomon Islands (11 percent) and the United States (8 percent).<\/p>\n

Lumber 2019 imports are forecast at 6.8 million tons, a 15 percent decrease from 8.4 million tons in 2018.<\/p>\n

Thailand is the largest hardwood lumber exporter to China, accounting for 39 percent of China\u2019s total imports, followed by the United States (19 percent) and Russia (7 percent).<\/p>\n

Exports<\/strong><\/p>\n

Overall wood products exports will likely decline in 2019 due to robust foreign competition and declining U.S. demand, due in part, to U.S. additional tariffs on Chinese wood products. The United States is China\u2019s largest market for wood furniture and wood products. From January to July 2019, wood furniture exports were slightly down, with shipments to the United States down more than 10 percent; the United States accounted for nearly 40 percent of China\u2019s total wood furniture exports in 2018. Wood products exports to the world during the same period have also declined, as exports to the United States were down one-third.<\/p>\n

U.S. and China Trade<\/strong><\/p>\n

The United States initiated an anti-dumping duty and countervailing duty investigation on wooden cabinets and vanities imported from China in March 2019, however, the investigation process is still in the preliminary stage. Also, additional U.S. tariffs were imposed on some of China\u2019s wood products exports in September 2018, and the tariff was increased to 25 percent on June 1, 2019. An additional 10 percent was applied on September 1, 2019 to some products; other products (some not having an additional duty applied September 1) will have additional duties of the same percent applied on December 15, 2019.<\/p>\n

The United States is a significant supplier of timber to China, accounting for roughly 10 percent of China\u2019s log and lumber imports. However, China imports of U.S. forest products were roughly half the value of the previous year for the first seven months of 2019. Starting December 15, 2019, additional tariffs will be applied to many U.S. forest product exports. Please reference the table on the next page, which outlines China\u2019s tariff schedule on U.S. forestry products (listed by HS code and date of implementation for tariffs).<\/p>\n

Similar to the United States, China also grants tariff exclusions to eligible products from the United States. On May 13, 2019, the State Council Tariff Commission (SCTC) announced that the government would administer an exclusion process for additional tariffs imposed on specific imports.<\/p>\n

Both enterprise and industry associations that import, produce, or use relevant products are eligible to apply through the new process for tariff exclusions. China's Ministry of Finance has published a procedure for requesting tariff exclusion and a first list of applicable products. Three wood products tariff lines (H.S. code 44013100, 44013900 and 44032190) were on the first list of applicable products. Exclusions granted will be made public, however, no records have been published at this time.<\/p>\n

Currently, a second round of tariff exclusions for Chinese enterprises and associations is ongoing, and closes on Oct. 18, 2019.<\/p>","protected":false},"excerpt":{"rendered":"

China\u2019s 2019 imports of wood products are projected to stabilize despite a slowing economy and high 2019 domestic stocks. Softwood 2019 imports are forecast up due to competitively priced foreign exports and increased domestic applications for softwoods in furniture manufacturing. … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":62030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715,4714],"tags":[3254,3258,3740],"class_list":["post-78155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","category-wood-industry-prices","tag-china","tag-trade-war","tag-wood-imports","topic-forestry","topic-industry-prices","topic-sawmilling","topic-wood-construction","topic-wood-furniture","topic-wood-based-panels","area-china","area-north-america"],"acf":[],"yoast_head":"\nChinese wood imports to stabilize despite a slowing economy and high 2019 domestic stocks - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/chinese-wood-imports-to-stabilize-despite-a-slowing-economy-and-high-2019-domestic-stocks\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese wood imports to stabilize despite a slowing economy and high 2019 domestic stocks - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"China\u2019s 2019 imports of wood products are projected to stabilize despite a slowing economy and high 2019 domestic stocks. 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