China imported approximately 4.13 million m³ of softwood lumber during January-March. This means a reduction with 20% compared to the same period during 2020. 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."
The figures are from the newsletter Market News published every month by Woodstat, a company specialized in monitoring the world wide softwood lumber market.
About Woodstat Since 2007 Woodstat delivers comprehensive statistics and analysis to sawmills, forest owners and banks across the world. Woodstat publishes approximately 400 issues of the newsletter "Market News" every year. The Market News are concise and contain the latest market statistics for the manufactured lumber product industry. Woodstat's charts collection is available at www.woodstat.com and contains hundreds of relevant diagrammatic data for anyone working in the wood or forest industry.