Decline in China's plywood exports to EU

Fonte:
ITTO/Fordaq
Vizualizações:
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In the first nine months of 2022 China’s plywood exports to EU totalled 1.45 million cubic metres valued at US$996 million, down 4% in volume but up 17% in value over the same period of 2021. Plywood exports to the top two EU member states, UK and Belgium, fell 14% and 3% to 540,000 cubic metres and 325,000 cubic metres respectively.

In the first nine months of 2022 China’s plywood exports totalled 8.09 million cubic metres valued at US$4.367 billion, down 8% in volume but up 7% in value over the same period of 2021.

Surge in plywood imports from EU

In the first nine months of 2022 China’s plywood imports from EU surged 82% to 31,000 cubic metres valued at US$53 million, up 49% over the same period of 2021. Plywood imports from the top two EU countries, Italy and Finland surged more than 300% and 160% respectively. In addition, China’s plywood imports from Germany, Latvia and Estonia rose more than 80%, 100% and 270% respectively

Growth in plywood imports from Russia

According to China Customs in the first nine months of 2022 China’s plywood imports totalled 149,000 cubic metres valued at US$144 million, up 19% in volume and 27% in value. Plywood imports from Russia grew 45% to 83,000 cubic metres over the same period of 2021.

An increasing trend is shown in the China’s plywood imports from Russia from 2014 to 2019 but declined 6% in 2020 and 7% in 2021.

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