RISI, a leading information provider for the global forest products industry, announced that by 2015, China’s timber supply deficit (its imports of logs and logs will be equivalent to imports of major products such as wood, wood, wood shavings and wood pulp) will be It soared from 107 million cubic meters in 2009 to 182 million cubic meters.
According to Robert Flynn, the author of the study, the timber supply deficit in China is already as large as the total amount of timber harvested in Canada and is expected to increase by 55% by 2015. In the past, the wood imported by China was mainly logs, but in just two years (from 2008 to 2010), China’s timber imports more than doubled. We expect that wood imports will continue to grow rapidly in 2015. .
This is good news for Canadian suppliers, as Canada currently occupies half of China's wood import market, but as demand increases, other markets are expected to grab more of their share from them.
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