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In the first quarter of this year, China's total timber imports reached 15.8 million m3, Slightly lower than 16.32 million m3 in the first quarter of 2022. The average price of wood imports also decreased in the first quarter. <\/span><\/p>\n From the perspective of import situation, in January before the Spring Festival holiday this year, due to the impact of a decrease in global demand for wood products, the number of wood imports decreased significantly, with a year-on-year decrease of 18.2%. However, imports from February to March showed a slight increase compared to the same period last year. Compared to last year, the import volume in January decreased significantly, resulting in a decrease of 400,000 m3 in the overall timber import volume in the first quarter.<\/p>\n Import amount <\/strong><\/p>\n Especially in March, the quantity of wood imports was higher than the same period last year, but the overall price was lower than the same period last year. The average import price has decreased by 72 yuan per cubic yuan compared to the same period last year (equivalent to 11.17 euros per cubic euro).<\/p>\n The arrival prices of eucalyptus and sapele sawn timber have decreased the most significantly, dropping to nearly 1950 yuan, 3760 yuan, and 3920 yuan, respectively (equivalent to approximately 302 euros, 581 euros, and 607 euros, respectively).<\/p>\n From the annual average of timber arriving at Hong Kong, teak wood has shown a significant increase (the average for logs and sawn timber in 2022 was 601 yuan per cubic yuan, compared to 77 euros per cubic euro in the early first quarter).<\/p>\n From the overall situation, the import prices of softwood such as pine and fir may still remain weak in the second quarter.<\/p>\n In terms of the furniture industry where hardwood is commonly used, in the export trade index in January this year, prices increased by 22.7% year-on-year, but the value index decreased by 4.8% and the quantity index decreased by 22.3%. Affected by the Chinese New Year, the overall index in February was also low. From data analysis, it can be seen that export orders for mid to low end furniture are decreasing. But after March, driven by the recovery of market demand, there will be some relief, and the price of furniture manufacturing wood will also increase.<\/p>\n In addition, the overall price increase of hardwood may remain flat, and the increase will not be too high. Meanwhile, with the low willingness to ship in the timber market, the prices of circulating timber in the market may also stabilize in the second quarter.<\/p>","protected":false},"excerpt":{"rendered":" In the first quarter of this year, China’s total timber imports reached 15.8 million m3, Slightly lower than 16.32 million m3 in the first quarter of 2022. The average price of wood imports also decreased in the first quarter. From … Continue reading \n