{"id":85430,"date":"2023-05-17T09:54:38","date_gmt":"2023-05-17T09:54:38","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/continuous-decline-in-chinas-cif-prices-for-log-imports\/"},"modified":"2025-09-18T17:26:07","modified_gmt":"2025-09-18T17:26:07","slug":"continuous-decline-in-chinas-cif-prices-for-log-imports","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/continuous-decline-in-chinas-cif-prices-for-log-imports\/","title":{"rendered":"Continuous decline in China\u2019s CIF prices for log imports"},"content":{"rendered":"

\"\"<\/p>\n

CIF prices for China's softwood logs, hardwood logs and tropical log imports fell 12%, 16%, 12% and 20% in the first quarter of 2023.<\/p>\n

Imports of softwood logs were relatively stable in the first quarter of 2023 while imports of hardwood logs declined significantly and log prices fell. With the gradual recovery of logistics, ports and roads across the country the accumulated stocks in the country are now being delivered. Analysts suggest second quarter log prices will remain steady.<\/p>\n

After the partial reduction of import tariffs in 2022 the overall cost of logs is expected to decline and become stable which will further reduce the cost pressure on manufacturers.<\/span><\/p>\n

Average log CIF prices, in the first quarter of 2023<\/strong><\/p>\n\n\n\n\n\n\n\n
<\/td>\n2023\/Q1 CIF prices (US$\/cu.m)<\/td>\nYOY change Q1-2022\/2023<\/td>\n<\/tr>\n
Total log imports<\/td>\n173<\/td>\n-12%<\/td>\n<\/tr>\n
Softwood logs<\/td>\n146<\/td>\n-16%<\/td>\n<\/tr>\n
All hardwood logs<\/td>\n245<\/td>\n-12%<\/td>\n<\/tr>\n
of which tropical<\/td>\n251<\/td>\n-20%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Decline in China\u2019s log imports<\/strong><\/p>\n

According to China Customs, log imports in the first quarter of 2023 totalled 9.27 million cubic metres valued at US$1.606 billion, down 7% in volume and 18% in value compared to the first quarter 2022. In addition, the average price for imported logs was US$173 (CIF) per cubic metre, down 12% from the same period of 2022.<\/p>\n

Of total log imports, softwood log imports rose slightly by 1% to 6.72 million cubic metres, accounting for 72% of the national total. However, the average price for imported softwood logs fell 16% to US$146 (CIF) per cubic metre over the same period of 2022.<\/p>\n

Hardwood log imports dropped by 24% to 2.55 million cubic metres, accounting for 28% of the national total. The average price for imported hardwood logs fell 12% to US$245 (CIF) per cubic metre over the same period of 2022.<\/p>\n

Of total hardwood log imports, tropical log imports were 1.54 million cubic metres valued at US$385 million CIF, down 14% in volume and 32% in value from the same period of 2022, accounting for 17% of the national total import volume.<\/p>\n

The average price for imported tropical logs was US$251 CIF per cubic metre, down 20% from the same period of 2022.<\/p>\n

After abandoning its COVID policy in December last year the economy has been recovering but at a rate much slower than expected. China's imports contracted sharply in April (-8%) while exports grew at a slower pace of 8.5% compared to 14.8% in March.<\/p>\n

China\u2019s log imports in Q1\/2023 (volume)\u00a0<\/strong><\/p>\n\n\n\n\n\n\n\n
<\/td>\nQ1\/2023Volume (mil.cu.m)<\/td>\n% Change Q1-2022\/2023<\/td>\n<\/tr>\n
Total log imports<\/td>\n9.27<\/td>\n-7%<\/td>\n<\/tr>\n
Softwood logs<\/td>\n6.72<\/td>\n-1%<\/td>\n<\/tr>\n
All hardwood logs<\/td>\n2.55<\/td>\n-24%<\/td>\n<\/tr>\n
of which tropical<\/td>\n1.54<\/td>\n-14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h6>\n

China\u2019s log imports in Q1\/2023 (value)\u00a0<\/strong><\/p>\n\n\n\n\n\n\n\n
<\/td>\nValue (US$ million)<\/td>\n% Change Q1-2022\/2023<\/td>\n<\/tr>\n
Total log imports<\/td>\n1.606<\/td>\n-18%<\/td>\n<\/tr>\n
Softwood logs<\/td>\n981<\/td>\n-5%<\/td>\n<\/tr>\n
All hardwood logs<\/td>\n625<\/td>\n-33%<\/td>\n<\/tr>\n
of which tropical<\/td>\n385<\/td>\n-322%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h6>\n

Major log suppliers<\/strong><\/p>\n

New Zealand and Germany were the largest and the second largest suppliers of log imports to China in the first quarter of 2023.<\/p>\n

The proportion of China\u2019s log imports from these two suppliers accounted for over 50% of the total log import volume. China\u2019s log imports from New Zealand rose 13% to 3.78 million cubic metres but from Germany fell 24% to 1.17 million cubic metres.<\/p>\n

China's imports of Russian logs have fallen sharply, largely due to the conflict between Russia and Ukraine. China\u2019s log imports from Russia fell 38% to 460,000 cubic metres in the first quarter of 2023.<\/p>\n

Surge in log imports from Poland<\/strong><\/p>\n

China\u2019s log imports from Poland surged to 330,000 cubic metres in the first quarter of 2023. The forests of Poland were hit by severe storms in 2017. Nearly 10 million cubic metres of logs were blown down. A large volume of fallen logs have been harvested and exported to China. China\u2019s log imports from Poland have been increasing since 2017. China\u2019s log imports from Poland in 2018 surged over 700%.<\/p>\n

Main log suppliers to China in Q1\/2023<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Supplier<\/td>\nVolume (mil. cu.m) Q1\/2023<\/td>\nYOY change Q1-2022\/2023<\/td>\n<\/tr>\n
Total<\/td>\n9.27<\/td>\n-7%<\/td>\n<\/tr>\n
New Zealand<\/td>\n3.78<\/td>\n13%<\/td>\n<\/tr>\n
Germania<\/td>\n1.17<\/td>\n-24%<\/td>\n<\/tr>\n
PNG<\/td>\n0.69<\/td>\n2%<\/td>\n<\/tr>\n
USA<\/td>\n0.47<\/td>\n-16%<\/td>\n<\/tr>\n
Russia<\/td>\n0.46<\/td>\n-38%<\/td>\n<\/tr>\n
Solomon Is.<\/td>\n0.42<\/td>\n3%<\/td>\n<\/tr>\n
Poland<\/td>\n0.33<\/td>\n2021%<\/td>\n<\/tr>\n
Fran\u021ba<\/td>\n0.24<\/td>\n-19%<\/td>\n<\/tr>\n
Canada<\/td>\n0.23<\/td>\n-18%<\/td>\n<\/tr>\n
Japan<\/td>\n0.22<\/td>\n-11<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h6>","protected":false},"excerpt":{"rendered":"

CIF prices for China’s softwood logs, hardwood logs and tropical log imports fell 12%, 16%, 12% and 20% in the first quarter of 2023. Imports of softwood logs were relatively stable in the first quarter of 2023 while imports of … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":85432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-85430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nContinuous decline in China\u2019s CIF prices for log imports - 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\/continuous-decline-in-chinas-cif-prices-for-log-imports\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Continuous decline in China\u2019s CIF prices for log imports - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"CIF prices for China's softwood logs, hardwood logs and tropical log imports fell 12%, 16%, 12% and 20% in the first quarter of 2023. 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