China's hardwood log imports fall in first half
H1 2023 2023 imports of broadleaf logs fell 25% to 5.43 million cubic metres, accounting for 27% of total log imports.
Compared to the same period in 2022, the average price of imported hardwood logs fell by 8% to US$260 per cubic metre (CIF).
Of total hardwood log imports, tropical log imports amounted to 2.95 million cubic metres valued at US$761 million (CIF), down 28% in volume and 35% in value compared to the same period in 2022, and accounting for 15% of total log imports in the first half of 2023.
The average price of imported tropical logs was $258 per cubic metre CIF, down 9% from the same period in 2022.
Prior to the log export ban, Myanmar was the main source of tropical logs for China. However, China's log imports from Myanmar have been decreasing over the years.
In the first half of 2023, China's log imports from Myanmar declined by 38% to 2,267 cubic metres and by 44% to US$2.47 million.
The average price of log imports from Myanmar decreased by 9% to US$1,090 per cubic metre (CIF).
