Log exports to China: First half of 2024 updateFriday 23 Aug 2024 
The latest ITTO Tropical Timber Market Report shows that New Zealand continues to be the top supplier of logs to China. In the first 6 months of 2024, NZ accounted for 56% of the national total, up 5% year-on-year. China’s log imports from New Zealand reached 9.21 million cubic metres, valued at US$1.139 billion. China’s log imports from Australia in the first half of 2024 surged more than 400% to 330,000 cubic metres over the same period of 2021, ranking 11th among the top suppliers. Australian imports fell to zero in 2022 because of a ban on imports, as the quarantine service in China detected pests in log shipments. In the first half of 2023, China resumed importing Australian timber. Globally, there is a decline in log imports into China. According to China Customs log imports totalled 18.82 million cubic metres valued at US$3.268 billion in the first half of 2024, down 7% in volume and 8% in value over the same period of 2023. The average price for imported logs was US$174 (CIF) per cubic metre, down 1% from the same period of 2023. More >> Source: ITTO |
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