Chinese Log Imports Growing on Higher Demand

Moscow, Russia, Sept. 8, 2010--Logs imports into Guangdong Province, China from January to July 2010 were 60% higher compared to the same period last year, hitting a record high, ITTO reported.

Of the total, log imports from the European Union increased 33% to 263,000 cubic meters, while log imports from ASEAN countries increased 160% to 146,000 cubic metres.

These two regions accounted for 57% of the total log imports.

Analysts said demand for timber products in some parts of the European and ASEAN markets is growing as consumers’ purchasing power is improving in line with the economic recovery. Also, domestic demand for timber is increasing driven by booming real estate, furniture and flooring markets.