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February 20, 2023

China: Sharp decline in log imports in 2022

According to China Customs log imports in 2022 totalled 43.70 million cubic metres valued at US$8.533 billion, a decline of 31% in volume and 26% in value year on year.

The average price for imported logs was US$195 (CIF) per cubic metre, up 7% on levels in 2021.

In 2022 softwood log imports fell 38% to 31.16 million cubic metres, accounting for 71% of the national total, down 7% from 2021. The average price for imported softwood logs was US$160 (CIF) per cubic metre, up 1% on levels in 2021.

Hardwood log imports in 2022 fell 9% to 12.53 million cubic metres (29% of the national total log imports). The average price for imported hardwood logs in 2022 was US$283 (CIF) per cubic metre, up 4% on 2021.

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