In January-May, log imports to China from Russia declined 26.2% y-o-y to 3.6 million m3 with import value dropped 27.2% to $439.8 million, according to China Customs data. U.S. log exports to China fell 39.5% to 1.6 million m3, export value decreased 44.6% to $338.4 million. Share of Russia in Chinese log imports slid 4.97 pp to 14.3% and share of U.S dropped 4.16 pp to 6.5%.
From January through May, log imports to China from New Zealand expanded 15.4% to 7.4 million m3 with import value surged 13.2% to $1.04 billion. Australian log exports to China jumped 29.9% to 2.5 million m3, while average price declined 18.5% to $109 per m3. Log exports from Germany to China soared 243.0% to 959.0 thousand m3, average price fell 39.8% to $153 per m3.
Total Chinese log imports slid 0.59% to 24.9 million m3, while average price decreased 12.1% to $169 per m3.