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transparency, responsibility, sustainability and green growth. to those paid in China.
As soon as EC approved the EUDR, MARD participated in New Zealand timber traders have suggested prices in the
many in-depth discussions at both EC’s technical and leadership Korean market are trending below those for the Chinese market
levels as well as quickly directed specialised agencies to at present. Behind the decline in New Zealand log prices
prepare an adaptation action plan framework for the EUDR. is weak domestic demand and a slowdown in international
demand. It is anticipated that China's future imports of New

CHINA Zealand logs will be maintained at current levels.
Log imports from New Zealand remained frm
According to China Customs, in the frst 10 months of this National forest reserve project for Guangxi
year, log imports from New Zealand were 14.51 million cubic According to the State-owned Assets Supervision and
metres, up slightly (1.1%) accounting for 46 percent of the Administration Commission of the State Council, a RMB10
national total and valued at US$1.796 billion, down 20 percent. billion national forest reserve project strategic framework
The volume of New Zealand's log exports to China did agreement was recently signed between China Energy
not show signifcant growth up to October this year. Engineering Group Guangxi Electric Power Design Institute
In the frst 10 months of 2023, imports increased by about and the People’s government in Baise City of Guangxi Zhuang

two percent percentage points year on year and in the third Autonomous Region.
quarter of 2023 imports fell by 17 percent quarter-on-quarter The agreement says the two sides will cooperate to
and 11 percent year-on-year. establish a national reserve forest of nearly 67,000 hectares
After a three-month decline in imports between July and in six counties (districts) including Youjiang District, Debao
September 2023 China’s log imports from New Zealand rose County and Tianlin County.
18 percent to 1.57 million cubic metres in October, up three The focus will be on the development of mainly commercial
percentage points year-on-year. species such as eucalyptus, pine, Chinese cedar as well as

The average CIF price for log imports from New Zealand oil-tea camellia and star anise.
in October fell 21 percent to US$124 per cubic metre over The new forest reserve will improve forest quality, enhance
the same period in 2022. The CIF price for log imports from forest carbon sequestration and promote green industry
New Zealand fuctuated between January and October in 2023. development and rural revitalisation and help to achieve the
It has been reported that prices for New Zealand logs goal of ‘carbon peak, carbon neutrality’.
are showing signs of recovery. Prices in November 2023 Guangxi has been ranked frst in timber production in
were US$9 per cubic metre higher than in October 2023 and China for 16 consecutive years and is the largest and most
prices for logs from North Island exporters in New Zealand
rose US$5-10 per cubic metre.

It has become apparent that New Zealand forestry companies David Sunshine
are seeking new markets, however, China accounts for more
than 80 percent of New Zealand log exports.
In addition to the Chinese market, New Zealand is also
exporting logs to South Korea and India is being considered
as a new target market. The Indian market has become more
attractive as prices paid by Indian importers are now close