{"id":88626,"date":"2025-03-06T06:39:54","date_gmt":"2025-03-06T06:39:54","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/chinas-lumber-market-in-2024-falling-softwood-imports-rising-hardwood-demand\/"},"modified":"2025-09-18T17:30:01","modified_gmt":"2025-09-18T17:30:01","slug":"chinas-lumber-market-in-2024-falling-softwood-imports-rising-hardwood-demand","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/chinas-lumber-market-in-2024-falling-softwood-imports-rising-hardwood-demand\/","title":{"rendered":"China\u2019s lumber market in 2024: Falling softwood imports, rising hardwood demand"},"content":{"rendered":"

According to data from China\u2019s Customs, 2024 lumber imports totaled 26.74 million cubic meters valued at US$6.86 billion, a year-on-year decrease of 4% in volume but an increase of 0.3% in value on 2023. The average price for imported lumber in 2024 was US$257 per cubic metre, a year-on-year increase of 4%.<\/span><\/p>\n

Of total lumber imports, softwood lumber imports fell 7% to 16.63 million cubic meters, accounting for 62% of the national total. The proportion of softwood lumber imports fell about 3 percentage points year on year. The average price for imported softwood lumber was US$204 per cubic metre in 2024, up 4% year on year.<\/p>\n

Hardwood lumber imports totaled 10.11 million cubic meters valued at US$3.48 billion, a year-on-year increase of 3% in volume and 5% in value on 2023. The average price for imported hardwood lumber was US$344 per cubic meter, a year-on-year increase of 2%.<\/p>\n

Of total hardwood lumber imports, tropical hardwood lumber imports were 7.46 million cubic meters valued at US$2.14 billion, a year-on-year increase of 8% in volume and 11% in value, accounting for about 28% of the national total, up 3 percentage points on the 2023 level. The average price for imported tropical hardwood lumber was US$287 per cubic metre, up 3% year on year.<\/p>\n

Lumber imports in 2024 (cu.m)<\/strong><\/h3>\n\n\n\n\n\n\n\n
Categorie<\/th>\nVolume (mil. cu.m)<\/th>\n% Change (2023-24)<\/th>\n<\/tr>\n
Total<\/td>\n26.74<\/td>\n-4%<\/td>\n<\/tr>\n
Softwood lumber<\/td>\n16.63<\/td>\n-7%<\/td>\n<\/tr>\n
Hardwood lumber<\/td>\n10.11<\/td>\n3%<\/td>\n<\/tr>\n
of which tropical<\/td>\n7.46<\/td>\n8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Lumber imports in 2024 (US$ mil.)<\/p>\n\n\n\n\n\n\n\n
Categorie<\/td>\nValue (US$ mil.)<\/td>\n% Change (2023-24)<\/td>\n<\/tr>\n
Total<\/td>\n6.86<\/td>\n0.3%<\/td>\n<\/tr>\n
Softwood lumber<\/td>\n3.39<\/td>\n-4%<\/td>\n<\/tr>\n
Hardwood lumber<\/td>\n3.48<\/td>\n5%<\/td>\n<\/tr>\n
of which tropical<\/td>\n2.14<\/td>\n11%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Average lumber CIF prices, 2024<\/strong><\/h3>\n\n\n\n\n\n\n\n
Categorie<\/td>\nUS$\/cu.m<\/td>\n% Change (2023-24)<\/td>\n<\/tr>\n
Average lumber price<\/td>\n257<\/td>\n4%<\/td>\n<\/tr>\n
Softwood lumber<\/td>\n204<\/td>\n4%<\/td>\n<\/tr>\n
Hardwood lumber<\/td>\n344<\/td>\n2%<\/td>\n<\/tr>\n
of which tropical<\/td>\n287<\/td>\n3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Reasons for decline in China's lumber imports<\/strong><\/p>\n

The main reason was the reduction in domestic demand. China\u2019s Real Estate Production Index increased from October 2024 but remained sluggish, which slowed construction and manufacturing industries, leading to a decline in demand for lumber.<\/p>\n

China's domestic lumber production increased, improving self-sufficiency and reducing dependence on imports. According to the National Bureau of Statistics, China\u2019s lumber production was about 85 million cubic meters in 2018, rising to 90 million cubic meters in 2019. Despite fluctuations in 2020 due to the pandemic, production remained around 90 million cubic meters and further increased to about 100 million cubic meters in 2021. In 2022, production reached 110 million cubic meters, a record high. In 2023, China\u2019s lumber production was also around 80 million cubic meters.<\/p>\n

Additionally, China has promoted the use of alternative materials and implemented the \"bamboo instead of wood\" policy, reducing demand for lumber. Another factor was the rise in imported lumber prices.<\/p>\n

Decline in lumber imports from Russia<\/strong><\/p>\n

China Customs data shows Russia was the largest supplier of lumber imports in 2024, but imports from Russia dropped 6% to 12.23 million cubic metres, accounting for 46% of the national total. The value of imports was US$2.603 billion, down 2% on 2023. The average price for imported lumber from Russia in 2024 was US$213 per cubic metre, a year-on-year decline of 7%.<\/p>\n

The decline in China's imports of lumber from Russia was due to weak domestic demand and diversification of supplying countries to reduce dependence on a single country. Meanwhile, imports from Belarus and Gabon increased significantly by 37% and 43% respectively in 2024.<\/p>\n

China\u2019s lumber imports from Thailand rose to 4.913 million cubic meters valued at US$1.247 billion, up 9% in volume and 15% in value on 2023. The average price for imported lumber from Thailand in 2024 was US$254 per cubic meter\u00a0a year-on-year increase of 2%.<\/p>\n

Main countries shipping lumber to China, 2024<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Supplier<\/td>\n000s cu.m<\/td>\nYoY % Change<\/td>\n<\/tr>\n
Total<\/td>\n26,737<\/td>\n-4%<\/td>\n<\/tr>\n
Russia<\/td>\n12,235<\/td>\n-6%<\/td>\n<\/tr>\n
Thailand<\/td>\n4,913<\/td>\n9%<\/td>\n<\/tr>\n
Canada<\/td>\n1,308<\/td>\n-1%<\/td>\n<\/tr>\n
USA<\/td>\n1,194<\/td>\n-4%<\/td>\n<\/tr>\n
Belarus<\/td>\n1,159<\/td>\n37%<\/td>\n<\/tr>\n
Gabon<\/td>\n768<\/td>\n43%<\/td>\n<\/tr>\n
Philippines<\/td>\n636<\/td>\n-18%<\/td>\n<\/tr>\n
Finlanda<\/td>\n622<\/td>\n-29%<\/td>\n<\/tr>\n
Germania<\/td>\n540<\/td>\n-33%<\/td>\n<\/tr>\n
Sweden<\/td>\n419<\/td>\n-48%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Growth in softwood lumber imports from Belarus<\/strong><\/p>\n

Softwood lumber imports from Belarus rose 37% to 1.159 million cubic meters in 2024. Belarus had a price advantage due to low production costs and competitive pricing, attracting Chinese buyers. The average CIF price of softwood lumber imports from Belarus in 2024 was US$191 per cubic metre, while the average CIF price of imported softwood lumber from Russia was US$207 per cubic meter.<\/p>\n

Rise in hardwood lumber imports from Thailand<\/strong><\/p>\n

China\u2019s hardwood lumber imports from Thailand, the largest supplier, grew 9% to 4.913 million cubic meters in 2024, accounting for 49% of the national total. Thai rubberwood, widely used in furniture, doors, flooring, and kitchenware, remains in high demand in China. Improvements in Thailand's wood processing industry in terms of technology, quality, and supply stability have further increased its appeal.<\/p>\n

Rise in tropical hardwood lumber imports<\/strong><\/p>\n

China\u2019s tropical hardwood lumber imports in 2024 were 7.46 million cubic meters valued at US$2.14 billion, a year-on-year increase of 8% in volume and 11% in value. Gabon significantly increased its exports to China, replacing the Philippines as the second-largest supplier.<\/p>\n

The increase in China's tropical hardwood lumber imports was driven by improved economic conditions, rising demand in construction and furniture manufacturing, and companies increasing inventories in anticipation of price fluctuations.<\/p>\n

Rise in CIF prices for tropical hardwood lumber<\/strong><\/p>\n

The average price for imported tropical hardwood lumber was US$287 per cubic meter in 2024, up 3% year on year. CIF prices for Thailand increased by 5%, while prices in Gabon and the Philippines declined by 6% and 5% respectively.<\/p>","protected":false},"excerpt":{"rendered":"

According to data from China\u2019s Customs, 2024 lumber imports totaled 26.74 million cubic meters valued at US$6.86 billion, a year-on-year decrease of 4% in volume but an increase of 0.3% in value on 2023. The average price for imported lumber … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96382,"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-88626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","topic-forestry","topic-lumber","topic-price-analysis-and-info","topic-sawmilling","topic-statistics","topic-wood-products","area-europe","area-global"],"acf":[],"yoast_head":"\nChina\u2019s lumber market in 2024: Falling softwood imports, rising hardwood demand - 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\/chinas-lumber-market-in-2024-falling-softwood-imports-rising-hardwood-demand\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s lumber market in 2024: Falling softwood imports, rising hardwood demand - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"According to data from China\u2019s Customs, 2024 lumber imports totaled 26.74 million cubic meters valued at US$6.86 billion, a year-on-year decrease of 4% in volume but an increase of 0.3% in value on 2023. 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