Chinese imports of softwood and hardwood wood products will be significantly altered in 2022 if Russia's log export ban is implemented

In 2020, China imported almost 6.5 million m3 of logs from Russia, predominantly softwood species. The trade was substantially less than in any year during the past two decades. Nevertheless, Russia was still the largest supplier of hardwood logs to China in 2020 (more prominent than any other source of temperate or tropical logs) and the third-largest supplier of softwood logs. In 2020,Chinaimported almost 6.5 million m 3of logs fromRussia, predominantly softwood species. The trade...

In 2020, China imported almost 6.5 million m³ of logs from Russia, predominantly softwood species. The trade was substantially less than in any year during the past two decades. Nevertheless, Russia was still the largest supplier of hardwood logs to China in 2020 (more prominent than any other source of temperate or tropical logs) and the third-largest supplier of softwood logs.

It is crucial to keep in mind that China has shifted from sourcing logs from Russia to European suppliers the past few years as insect-infested timber in Central Europe has been in temporary abundance. From 2018 to 2020, softwood log imports from Europe increased from 1.3 million m³ to 12.3 million m³, while Russian-supplied logs fell from 7.8 million m³ to 4.2 million m³. However, shipments from Europe are not sustainable long-term. According to the just-released study by the consulting firms Wood Resources International and O'Kelly Acumen (Russian Log Export Ban in 2022 - Implications for the Global Forest Industry), China is expected to source more sawlogs from Oceania, Europe, and the US short-term. Longer-term, the study anticipates that China is likely to shift further from importing logs to lumber, thus creating opportunities for lumber manufacturers, mainly in Europe and Russia, to increase shipments to this growing market.

The excerpt above is from the just-released Focus Report "Russia Log Export Ban in 2022 - Implications to the Global Forest Industry", published by Wood Resources International LLC and O'Kelly Acumen. For more information about the study or to inquire about purchasing the 60-page report in easy-to-read slide format, please contact either Hakan Ekstrom (hakan@woodprices.com) or Glen O'Kelly (glen.okelly@okelly.se). A Table of Contents of the report is available on our website. Click here!

CONTACT:

Wood Resources International LLC

Hakan Ekstrom

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