China's Log and Lumber Imports Plunge 19 Percent

China's Log and Lumber Imports Plunge 19 Percent

China's imports of softwood logs and lumber in the first eight months of 2012 were valued at $4.3 billion, a decline of 19 percent year-over-year. The decline was sparked by a reduction in construction activities in the country, the Wood Resource Quarterly reported.

By volume, log imports fell 17 percent and lumber imports declined 5 percent. The biggest declines were in logs imported from Russia and the U.S., and in lumber from North America.

Russia, Chile and New Zealand have increased shipments to China in the first eight months of 2012, while volumes from North America have declined. Exports from the U.S. specifically are down as much as 41 percent year-over-year.