China: Growing timber deficit expected to impact domestic timber prices
It has been reported that China’s log imports rose to 34.35
million cubic metres in 2010 doubling from the 17 million
cubic metres imported in 2001. This rate of growth of
timber imports is expected to continue.
It has been estimated that China’s overall timber deficit
could grow to over 180 million cubic metres (roundwood
equivalent) by 2015. However, with the international
supply of commodity wood products falling and with
rising domestic demand there will be a strong upward
pressure on timber prices in the Chinese market.
Raw materials for traditional style furniture in short
The China National Forest Products Industry Association
(CNFPIA) has recently reported that manufacturers of
traditional furniture are finding it difficult to secure
supplies of timbers such as sandalwood and ebony.
These species are the main raw materials for traditional
style furniture. The declining availability of these timbers
will affect production of high-end classical furniture in