NZ log exports to China - February 2024 update

Friday 1 Mar 2024

 
New Zealand was, once again, the top supplier of logs to China in 2023 accounting for 47% of the national total, up 6 percentage points from 2022. China’s log imports from New Zealand reached almost 18 million cubic metres valued at US$2.209 billion, up 2% in volume but down 18% in value, year on year. The average price for imported logs from New Zealand was US$123 (CIF) per cubic metre, down 19% on 2022 levels.

In addition, the Japan Lumber Importers Association released their projection of imported wood products for the first half of 2024. The total volume of logs and timber will be 10% more than in the first half of 2023, with 97% coming from North America and New Zealand. However, Japanese timber companies are shifting to cedar logs instead of New Zealand logs. This is because the price of NZ logs for China had increased, resulting in higher prices for Japan.

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Source: International Tropical Timber Organization



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