China: Surge in sawnwood imports from Thailand

June 11, 2024
Source:
ITTO/Fordaq
Views:
145
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Russia was, as in previous quarters, the largest supplier of China’s sawnwood imports in the first quarter of 2024. The proportion of China’s sawnwood imports from Russia accounted for 43% of the total sawnwood import volume. China’s sawnwood imports from Russia rose 1% slightly to 2.914 million cubic metres over the same period of 2023.

Thailand was the second largest supplier of sawnwood imports in the first quarter of 2024. The proportion of China’s sawnwood imports from Thailand accounted for 18% of the total sawnwood import volume.

China’s sawnwood imports from Thailand surged 44% to 1.223 million cubic metres over the same period of 2023.

China's sawnwood imports from Thailand have soared mainly because of falling prices which, in part, are the result of adjustments in Thailand's timber tariff policy in 2022.

China's sawnwood imports from USA decline considerably in the first quarter of 2024 dropping 18% to 267,000 cubic metres over the same period of 2023.

In contrast, China’s sawnwood imports from Canada in the first quarter of 2024 grew 17% to 382,000 cubic metres over the same period of 2023.