BREAKING: Australian log exports crashed in December
IndustryEdge advises that Australia’s log exports fell to a five-year low in December 2020, down 47% on the prior December and totalling just 196,519 m3. The dramatic fall saw exports 34% lower than for November, which was itself 32% lower than exports in October.
The average export price for December was AUDFob140.14/m3, up from AUDFob130.49/m3 recorded the prior month.
All of the trade data for December 2020 – for all forestry and wood products imports and exports – has been uploaded toIndustryEdge’s visualisation platform, Wood Market Edge online, where the following chart was created. Subscribers can login here, interrogate the data in detail and download raw data files and charts.
Australian Log Exports by Main Country: Jan ’17 – Dec ’20 (‘000 m3 & AUDFob/m3)
The sole driver for the steep decline in exports was import bans imposed by China, on shipments from Australia. Observably, other countries stepped in to the breach, but were unable to come close to covering the significant fall in shipments to China.
This chart shows Australia’s log exports to China alone over the same time period. What it emphasises above all elder, is the significance of China to the log export trade. Notably, the recent experience contrasts with that for New Zealand.
Australian Log Exports to China: Jan ’17 – Dec ’20 (‘000 m3 & AUDFob/m3)
Wood Market Edge online subscribers can click here to log in, interrogate the detailed data for all of New Zealand and Australia’s imports, exports and significant consumption of wood products, as well as keeping up to date with IndustryEdge’s leading analysis and ongoing market commentary.
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