Australia to resume its timber exports to China

 

Australia has been a prominent exporter of timber globally. Australia's major wood products exports include softwood logs, hardwood logs, sawnwood, paper, veneer sheets, roundwood, paperboard, etc.

As per Australia import export data reports, around 1.12 billion dollars worth timber exports were made by Australia during the financial year 2022. There was around 3% increase in the exports of timber from Australia as compared to FY 2021.

Malaysia, New Zealand, India, China and Japan were the top markets for the exports of timber from Australia in 2022. Malaysia was the top importer of timber from Australia with over 5% share of Australian total timber exports.

During the financial year 2022, China contributed around 2% share of Australian timber. As per China import data, around 20 million dollars worth of timber was imported by China from Australia in 2022.

Earlier, China has blocked the timber imports from Australia. The reason behind this was the Beatles infected logs.  This has affected Australia's overall timber exports to China. According to the Australia export data reports, Australian timber exports had fallen by over 3.5 million metric tons during the last four years.

Now, since China has lifted the ban on Australian timber exports, the opportunity has arisen for the Australian timber export companies. Also, they can explore opportunities in India, Vietnam and South Korea.

On the other hand, our Australia import data reports of timber suggests that China was the leading destination for timber imports by Australia with over 30% import share. Other major favoured markets for timber imports by Australia were Indonesia, New Zealand, Germany, Malaysia and the United States. These include sawn wood, plywood, tableware, carpentry wood, furniture, etc.

Whereas, the Chinese market had great demand for Australian seafood that includes rock lobster, salmon, abalone, etc. In 2022, China had imported over 325 million Australian dollars worth of seafood. The forecast reports shows that Australia's seafood exports could grow by 8% at the end of this year.

Over the years, Australian forestry products exports had seen tremendous growth. According to the Australia customs data reports, around 2.99 billion Australian dollars worth forestry products were exported from Australia in FY 2022.

As compared to 2.7 billion Australian dollars exports in FY 2021, Australian forestry products exports will increase in 2022. For this year, Experts predict the decline in forestry product exports to 2.89 billion Australian dollars. Further, it will increase to 3 billion Australian dollars in FY 2024.

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Here, you can find impressive visual reports of latest Australian market trends, demand, product price, buyers and suppliers. You can discover verified wood suppliers from Australia. Also, you can reach out to the genuine timber importers from the global market through the import export data reports of over 200+ countries. Exim GTIS is the most handy platform to reach genuine clients at very little spend.