China's log imports higher as economic growth continues
22-11-2013 kl. 16:55
Imports of logs into China have increased by 23 per cent in terms of value in the first three quarters of 2013, when compared to the same period in 2012.
The 33.3 million cubic metres were valued at a total of $6.8 billion. In terms of volume, imports are up by 16 per cent.
Softwood imports accounted for 24 million cubic metres and were valued at $3.7 billion. This works out at an average of $154 per cubic metre.
The remaining 9.3 million cubic metres were hardwood, totalling $3.1 billion, resulting in an average cost per cubic metre of $333.
Following a slowdown in the first half of 2012, China's log imports have risen steadily and this upward pressure looks set to continue amid increasing confidence in the country's economic growth.
Earlier this week, leaders from the Chinese Communist Party unveiled reforms for the coming decade, which included several measures designed to boost construction and help support the country's economic progress.
HD FestForest provides forest management in Estonia, Latvia and Lithuania and is a subsidiary company of HedeDanmark.