China to Become World's Largest Hardwood Chip Importer by 2014

China's imports of hardwood chips have increased six-fold over the last four years (2008 to 2011), from 1 to 6.2 million BDMT.

April 13, 2012 - Chinese hardwood chip imports will double from 6.3 million Bone Dry Metric Tons (BDMT) in 2011, to 12.7 million BDMT in 2016, according to a forecast report from RISI.

The report also forecast Japan's imports of hardwood chips will drop from 9.9 million BDMT to 8.6 million BDMT in the same period, the lowest volume of imports since 1993.

The 2012 International Pulpwood Trade Review noted that China's imports of hardwood chips have increased six-fold over the last four years (2008 to 2011), from 1 to 6.2 million BDMT. This surge in volume was the result of large new pulp mills being built in China near port facilities. The expected construction of a series of new pulp mills over the next several years will drive China's demand for hardwood chips even higher. While China's demand grows, Japan's projected decrease in domestic production of Bleached Hardwood Kraft Pulp (BHKP) will continue to diminish its demand for imported hardwood chips.

International Pulpwood Trade Review is authored by Robert Flynn, Director of International timber at RISI and Dennis Nielson, Director of DANA Ltd. Together they share over 60 years experience in the forest industry, analyzing trade and consulting clients globally.

SOURCE: RISI