STOCKHOLM, March 31, 2021 /PRNewswire/ — China is the world’s largest importer of softwood and hardwood logs, and for many decades, Russia was a major log supplier for them. This relationship could change in 2022 if Russia implement their proposal to ban exports of softwood logs and precious hardwood logs, while introducing export taxes on green timber. All of these policy changes are intended to encourage increased domestic production of higher value forest products.
The Russian parliament has yet to announce the final legislative proclamation, so it’s unclear whether there will be a full or phased ban, a significant export tax, or even the possibility of a monopoly. state-owned export. However, a signal has been sent to the market that Russia will no longer be a major supplier of softwood and hardwood logs. One consequence of this decision is that Chinese timber manufacturers will have to explore new regions for long-term log supply.
In 2020, China imported nearly 6.5 million m3 newspapers from Russia, mainly resinous species. Trade was significantly lower than in any year over the past two decades. Nevertheless, Russia was still the largest supplier of hardwood logs China in 2020 (larger than any other source of temperate or tropical logs) and the third largest supplier of softwood logs.
It is crucial to keep in mind that China went from supplying newspapers to Russia to European suppliers in recent years because wood infested with insects central Europe was in temporary abundance. From 2018 to 2020, imports of softwood logs Europe increased by 1.3 million m3 at 12.3 million m3, while logs supplied by Russia increased from 7.8 million m3 at 4.2 million m3. However, shipments of Europe are not viable in the long term. According to the study just published by the consulting firms Wood Resources International and O’Kelly Acumen (Russian log export ban in 2022 – Implications for the global forest industry), China should source more sawlogs from Oceania, Europe, and the United States in the short term. In the longer term, the study predicts that China is likely to shift more from importing logs to lumber, creating opportunities for lumber manufacturers, primarily in Europe and Russia, to increase shipments to this growing market.
The excerpt above is taken from the Focus report which has just been released “Russian Log Export Ban 2022 – Implications for the Global Forest Industry“, published by Wood Resources International LLC and O’Kelly Acumen. For more information on the study or to inquire about purchasing the 60-page report in easy-to-read slide format, please contact either Hakan Ekstrom ([email protected]) Where Glen O’Kelly ([email protected]). A table of contents of the report is available on our website. Click here!
International Wood Resources LLC
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SOURCE Wood Resources International LLC