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Timber Market Information

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Timber Market Update

July 2020

Timber Market Update

February 2021

Timber Market Update

April 2021

TIMBER MARKET UPDATE

JUNE 2022

RSA WOODCHIP EXPORTS

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Japan still remains the largest importer of our woodchips with increasing exports to China and recently to Spain and Portugal.

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HW chip demand is projected to increase by at least another 2 million BDT for this year (mainly China).

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This is substantiated by China and Japan YTD imports which is already 6% > than same period last year.

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Vietnam remains the largest exporter of woodchips to China and Japan's accounting for 54% of their demand, followed by Australia with South Africa currently supplying 6% of the demand.

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Vietnam exports have reached a plateau and are not likely to increase.

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China pulp capacity expansion projects 2021-2024: 6.8 million bdt chips required.

Vietnam chip price increased by 22% from Jan 2021 to Mar 2022 with a 16 % increase YTD Apr. FOB prices for June now in the $170-180 range equating to a 35% increase since the beginning of the year.

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HW Pulp price to China and Europe has increased by 85% from beginning of 2021.

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The market is rapidly changing.

  • Russia/Ukraine conflict: Major impact on global trade of forest products, particularly in Europe, Scandinavia and Asia.

  • Woodfibre deficit developing in Europe before conflict.

  • Impact of spruce bark beetle.

  • Big focus on renewable energy including wood biomass

  • China pulp capacity expansions 2021-2024.

  • Vietnam's woodchip export has reached a peak and is unlikely to increase significantly to meet increasing demand as in the past.

  • Indonesia has to start woodchip imports.

  • No new major sources of wood supply.


South Africa is well placed to serve both the Asian,  European and Scandinavian markets.

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