It’s no secret log exports around the world have been surging primarily due to demand in Asia. Now the data is in. China’s log imports were up a whopping 45.6% last month compared to January 2012. China imported 3,390,000 m3 of logs in January at an average price of $194 per m3. In January 2012, log imports were 2,390,000 m3.
China’s lumber imports were also up significantly YOY last month. China imported 1,750,000 m3 of lumber in January, a 54.9% increase over January 2012 (1,130,000 m3). The average cost of lumber was $275 per m3.
Source: CIBC World Markets