China imported approximately 4.13 million m3 of softwood lumber during January-March 2021. This means a reduction with 20% compared to the same period during 2020, as Woodstat reported.
At the same time residential buildings projects with a total floor space of 362 million m2 were started which means an increase by impressive 30%.
"A rapid increase in housing starts and a lower import of softwood lumber have reduced the stocks of lumber to a very low level," says Jenny Wessung, CEO at Woodstat. She continues: "With a high demand in Europe and U.S. we'll no doubt see a strong market for lumber."
Since 2007 Woodstat delivers statistics and analysis to sawmills, forest owners and banks across the world.
