Lumber export to China enters a slower phase

The Chinese Custom has not published the import figures by country for June. Instead in this Press release we show the exporting countries figures to China.

According to a recent report from analysis company Woodstat, the export of softwood lumber to China from leading exporting countries worldwide amounted to approximately 2.31 million m³ in June (-2% compared to 2017). The export totaled 12.7 million m³ during January-June (-3% compared to 2017). The trend line for the softwood lumber import in 2018 is below the corresponding period in 2017.

During January-June Russia exported 8.43 million m³ of softwood lumber to China (+5%) and Canada exported 2.26 million m³ (-20%).

The Russian market share in the Chinese lumber market is increasing at a record high level. The smoothed line for the Canadian market share is at a very low level for the country. As shown in the chart, there is a strong correlation between the Russian and Canadian market share. The market share trend for the leading exporters in Europe is decreasing. Note that these are smoothed series that result in lagging trend lines that do not reflect major changes in individual months.

About Woodstat

Since 2007 Woodstat delivers comprehensive statistics and analysis to sawmills, forest owners and banks across the world. Woodstat publishes approximately 400 issues of the newsletter "Market News" every year. The Market News are concise and contain the latest market statistics for the manufactured lumber product industry. Woodstat's charts collection is available at www.woodstat.com and contains hundreds of relevant diagrammatic data for anyone working in the wood or forest industry

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