Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

“Research Report on Timber Import in China, 2019-2023”

Posted by fidest press agency su giovedì, 24 gennaio 2019

According to the report, in 2017, Russia, the U.S., New Zealand and Canada, the four largest sources of China’s timber imports, provided 64% of the total import volume of timber in China. In particular, Russia and the U.S. provided about 31% and nearly 10% respectively of the total timber imports.On August 3, 2018, China’s Ministry of Commerce announced a 5% to 25% tariff increase on U.S. exports worth USD 60 billion, including a 25% tariff increase on U.S. timber. Evidently, the Sino-U.S. trade war will have a certain impact on China’s timber import.
The domestic supply of merchantable timber has been contracting, and China’s reliance on timber imports has exceeded 50% since the Chinese government announced the prohibition on the commercial cutting of natural forests in 2017. It is expected that the international timber prices will show an upward trend in the next few years as the import volume of timber keeps rising in China.Some Chinese enterprises have begun to invest in the forestry industry in other countries, mainly Russia, to ensure a stable and adequate supply of timber. By the end of 2018, more than 100 Chinese enterprises had invested in Russia’s forestry industry with a total of over USD 2 billion – and the figures are expected to grow further.The Chinese government has few restrictions on timber import. Therefore, the Chinese market will provide global forestry enterprises with numerous opportunities in the next few years.

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