SnapSTAT - China property slowdown drops log demandFriday 26 Sep 2025  Export pricing is directly tied to China’s property market. Nearly 90% of New Zealand’s logs are destined for China, where they are mostly used in the construction industry. China’s property market has been struggling since 2021 when a speculative bubble burst. Bad debts, vacant properties, and incomplete builds are hanging over the residential construction sector, and there is no indication that it will recover anytime soon. The Government is not inclined to reinflate the bubble, and weakening underlying rates of population growth and urbanisation are structural barriers to construction sector growth. The graph from 2015 to now tells the story.
See more on Page 11: ANZ Agrifocus, August 2025 |
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