{"id":87597,"date":"2024-05-17T08:11:18","date_gmt":"2024-05-17T08:11:18","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/china-cif-prices-for-log-imports-continue-to-drop-in-q1-2024\/"},"modified":"2025-09-19T09:02:03","modified_gmt":"2025-09-19T09:02:03","slug":"china-cif-prices-for-log-imports-continue-to-drop-in-q1-2024","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/china-cif-prices-for-log-imports-continue-to-drop-in-q1-2024\/","title":{"rendered":"China: CIF prices for log imports continue to drop in Q1\/2024"},"content":{"rendered":"

According to China Customs, log imports in the first quarter of 2024 totalled 8.85 million cubic metres valued at US$1.503 billion, down 5% in volume and 6% in value compared to the first quarter of 2023. In addition, the average price for imported logs was US$170 (CIF) per cubic metre, down 2% from the same period of 2023.<\/p>\n

Of total log imports, softwood log imports dropped 8% to 6.20 million cubic metres, accounting for 70% of the national total. The average price for imported softwood logs declined 9% to US$134 (CIF) per cubic metre over the same period of 2023.<\/p>\n

Average log CIF prices, in the first quarter of 2024<\/strong><\/p>\n\n\n\n\n\n\n\n
<\/td>\n2024\/Q1 CIF prices (US$\/cu.m)<\/td>\nYOY change Q1-2023\/2024<\/td>\n<\/tr>\n
Total log imports<\/td>\n170<\/td>\n-2%<\/td>\n<\/tr>\n
Softwood logs<\/td>\n134<\/td>\n-9%<\/td>\n<\/tr>\n
All hardwood logs<\/td>\n254<\/td>\n4%<\/td>\n<\/tr>\n
of which tropical<\/td>\n257<\/td>\n3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Hardwood log imports rose 4% in the first quarter of 2024 compared to the same period in 2023 to 2.65 million cubic metres, accounting for 30% of the national total. The average price for imported hardwood logs rose 4% to US$254 (CIF) per cubic metre over the same period of 2023.<\/p>\n

Of total hardwood log imports, tropical log imports were 1.52 million cubic metres valued at US$391 million CIF, down slightly in volume (1%) but up 1.5% in value from the same period of 2023. Tropical logs accounted for 17% of the national total log import volume.<\/p>\n

The average price for imported tropical logs was US$257 CIF per cubic metre, up 3% from the same period of 2023.<\/p>\n

China\u2019s log imports in Q1\/2024 (volume)\u00a0<\/strong><\/p>\n\n\n\n\n\n\n\n
<\/td>\nQ1\/2024Volume (mil.cu.m)<\/td>\n% Change Q1-2023\/2024<\/td>\n<\/tr>\n
Total log imports<\/td>\n8.85<\/td>\n-5%<\/td>\n<\/tr>\n
Softwood logs<\/td>\n6.20<\/td>\n-8%<\/td>\n<\/tr>\n
All hardwood logs<\/td>\n2.65<\/td>\n4%<\/td>\n<\/tr>\n
of which tropical<\/td>\n1.52<\/td>\n-1.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h6>\n

China\u2019s log imports in Q1\/2024 (value)\u00a0<\/strong><\/p>\n\n\n\n\n\n\n\n
<\/td>\nValue (US$ million)<\/td>\n% Change Q1-2023\/2024<\/td>\n<\/tr>\n
Total log imports<\/td>\n1.503<\/td>\n-6%<\/td>\n<\/tr>\n
Softwood logs<\/td>\n827<\/td>\n-16%<\/td>\n<\/tr>\n
All hardwood logs<\/td>\n675<\/td>\n8%<\/td>\n<\/tr>\n
of which tropical<\/td>\n391<\/td>\n1.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h6>\n

Sharp decline in log imports from Germany<\/strong><\/p>\n

China\u2019s log imports from Germany dropped 65% to 413,000 cubic metres valued at US$62 million, both declining by 68% in the first quarter of 2024. The average CIF price for China\u2019s log imports from Germany fell 10% to US$150 per cubic metre.<\/p>\n

The dramatic decline in China\u2019s log imports from Germany was because the Russia-Ukraine conflict has led to a general rise in energy prices in Europe and the costs of major manufacturing and industrial production in Germany have increased significantly.<\/p>\n

Germany has lost its position as the second largest supplier of log to China, ranking just sixth in the first quarter of 2024.<\/p>\n

New Zealand still was the largest supplier of logs to China in the first quarter of 2024. China\u2019s log imports from New Zealand rose 13% to 4.29 million cubic metres valued at US$552 million, both up 12% over the same period of 2023. The average CIF price for log imports from New Zealand fell 2% to US$129 per cubic metre.<\/p>\n

The proportion of China\u2019s log imports from New Zealand accounted for 48% of the total log imports volume.<\/p>\n

Main log suppliers to China in Q1\/2024<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Supplier<\/td>\nVolume (mil. cu.m) Q1\/2024<\/td>\nYOY change Q1-2023\/2024<\/td>\n<\/tr>\n
Total<\/td>\n8.852<\/td>\n-5%<\/td>\n<\/tr>\n
New Zealand<\/td>\n4.288<\/td>\n13%<\/td>\n<\/tr>\n
PNG<\/td>\n551<\/td>\n-21%<\/td>\n<\/tr>\n
Russia<\/td>\n506<\/td>\n10%<\/td>\n<\/tr>\n
Solomon Is.<\/td>\n505<\/td>\n21%<\/td>\n<\/tr>\n
USA<\/td>\n414<\/td>\n-12%<\/td>\n<\/tr>\n
Germania<\/td>\n413<\/td>\n-65%<\/td>\n<\/tr>\n
Japan<\/td>\n303<\/td>\n36%<\/td>\n<\/tr>\n
Canada<\/td>\n302<\/td>\n31%<\/td>\n<\/tr>\n
Poland<\/td>\n222<\/td>\n-33%<\/td>\n<\/tr>\n
Fran\u021ba<\/td>\n149<\/td>\n-32%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h6>","protected":false},"excerpt":{"rendered":"

According to China Customs, log imports in the first quarter of 2024 totalled 8.85 million cubic metres valued at US$1.503 billion, down 5% in volume and 6% in value compared to the first quarter of 2023. In addition, the average … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":85431,"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-87597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nChina: CIF prices for log imports continue to drop in Q1\/2024 - 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\/china-cif-prices-for-log-imports-continue-to-drop-in-q1-2024\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: CIF prices for log imports continue to drop in Q1\/2024 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"According to China Customs, log imports in the first quarter of 2024 totalled 8.85 million cubic metres valued at US$1.503 billion, down 5% in volume and 6% in value compared to the first quarter of 2023. 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