According to the latest import and export data released by the customs, the overall export of New Zealand radiata pine logs (regardless of cross-sectional size) in November of 2022 to China showed a phenomenon of both volume and price declines.<\/p>\n
From January to November 2022, a total of about 14.8 million cubic meters of New Zealand radiata pine logs were exported to China, a year-on-year decrease of 13%, and the export value reached about US$2.28 billion. The average export unit price was US$153.33 per cubic meter, a year-on-year decrease of 7%.<\/p>\n
In November alone, the total export volume of New Zealand radiata pine logs to China was 1.51 million cubic meters, a year-on-year decrease of 3%; the average export unit price fell to the bottom value of this year's at 136.9 US dollars \/ cubic meter, a year-on-year decrease of 19%.<\/p>\n
The exports of radiata pine logs with a cross-sectional size \u2265 15cm accounted for nearly 99% of the total. From January to November, the total export volume was about 14.713 million cubic meters, a year-on-year decrease of 13%, the export value (USD) decreased by 19% year-on-year, and the average export unit price was 153.47 US dollars\/cubic meter, a year-on-year decrease of 7%.<\/p>\n
China<\/strong><\/p>\n China softwood log inventory in December is stable at about 3.4 m3 and port off-take is still stubbornly sitting at about 60k per day. Most economies around the world have experienced a spike in consumption and activity after a Covid induced slowdown. While the China economy is not like most economies, I think it will also experience a similar upswing in consumption and activity.<\/p>\n The Chinese government has announced a loosening of monetary policy and business friendly laws, (some of which are directly targeted at the real estate industry), as they look to revive the economy after the Covid induced economic downturn. The actual stimulus packages are likely to be less than 2022, so China is relying on creating the environment for business and increasing domestic demand.<\/p>","protected":false},"excerpt":{"rendered":" According to the latest import and export data released by the customs, the overall export of New Zealand radiata pine logs (regardless of cross-sectional size) in November of 2022 to China showed a phenomenon of both volume and price declines. … Continue reading