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China imported 26.78 million cubic meters of timber in the first 10 months, up 9.9 percent on the same period last year, according to statistics released Thursday by Chinese Customs.
The statistics show that the average import price was 118.9 U.S. dollars per cubic meter, an 8.5 percent rise on the same period last year. The total value of imports reached 3.18 billion U.S. dollars, up 19.3 percent year on year.
Russia was the main source of China’s timber import with 18.42 million cubic meters, up 10.8 percent and accounting for 68.8 percent of the total timber imports; Papua New Guinea ranked second with 1.65 million cubic meters, up 10.9 percent; while imports from Malaysia saw a sharp drop of 30.3 percent to 1.1 million cubic meters.
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To ease the timber shortage problem, analysts suggested the government expand tree planting areas and encourage enterprises touse timber substitutes to reduce wood consumption.