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            Of total hardwood log imports, tropical log imports were   It has been reported that German log prices declined
          2.96 million cubic metres valued at US$772 million CIF, up   in the first half of 2024 and this with the recent increases
          0.3 percent in volume and 1.4 percent in value from the   in freight rates and local transport costs it has become
          same period of 2023 and accounted for 16 percent of the   unprofitable to export.

          national total log import volume, up one percentage points
          over the same period of 2023.                      Rise in log imports from Australia
                                                             China’s log imports from Australia fell to zero in 2022 because
          Sharp decline in log imports from EU               of a ban on imports as the quarantine service in China
          In the first half of 2024 China's log imports from European   detected pests in log shipments. However, in the first half of
          Union came to 2.418 million cubic metres valued at US$481   2023 China has resumed importing Australian timber.
          million, down 47 percent in volume and 44% in value from   China’s log imports from Australia in the first half of 2024
          the same period of 2023 and it was this trend that impacted   surged more than 400 percent to 330,000 cubic metres over
          the decline in the total log imports.              the same period of 2021 ranking 11th among the top suppliers.

            China’s log imports from Germany, Poland and France as
          the top three suppliers among the European Union, fell 64   Slight rise in tropical log imports
          percent, 29 percent and 27 percent to 842,000 cubic metres,   China’s tropical log imports rose 0.3 percent to 2.958 million
          477,000 cubic metres and 369,000 cubic metres respectively   cubic metres in the first half of 2024. China imported tropical
          in the first half of 2024.                         logs mainly from Papua New Guinea (36%), Solomon Islands
            In terms of species the largest decline was large diameter   (31%), the Republic of Congo (6%) and Cameroon (6%). Just
          fir and spruce logs (minimum section size 15 cm and above),   four countries supplied nearly 80 percent of China’s tropical

          which fell by 63 percent to 1.28 million cubic metres in the   log requirements in the first half of 2024.
          first half of 2024. Fir and spruce imports from Germany,   China’s tropical log imports from PNG, the Republic of
          Poland and France fell 73 percent, 46 percent and 40 percent   Congo and Cameroon fell 14 percent, 28 percent and 21
          respectively over the same period of 2023.         percent respectively in the first half of 2024.
                                                                In contrast, China’s log imports from the other top
          Germany out of top three suppliers for imported logs   suppliers grew at different rates. China’s tropical log imports
          China’s log imports from Germany fell 64% to 840,000 cubic   from Bolivia surged in the first half of 2024.
          metres in the first half of 2024. Germany has dropped out
          of the top three suppliers of logs to China and was ranked

          sixth in the first half of 2024.
            China’s spruce and fir (44032300), Korean pine and Scots
          pine (44032110), Douglas fir (44032520) log imports from                                            www.remarkablefurniture.com.au
          Germany reduced 73 percent, 61 percent and 26 percent
          respectively.
            Furthermore, the average CIF prices for spruce and fir,
          Korean pine, Scots pine and Douglas fir logs fell 16 percent,

          15 percent and one percent to US$137, US$132 and US$177
          per cubic metre respectively.
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