July 21, 2008

New RISI Study Forecasts China’s Wood Fiber Deficit to Increase 26% By 2012

BOSTON, July 21 /PRNewswire/ -- RISI, the leading information provider for the global forest products industry, today predicted that China's log imports will decline by 13 million cubic meters between 2007 and 2012, but the country's total wood fiber deficit (including logs, woodchips and the roundwood equivalent of its wood product and pulp imports) will increase by 22 million cubic meters, a 26% increase during that same timeframe. The prediction came as part of new publication: China's Timber Supply Outlook 2008 - 2012. The study projects timber supply and demand, volumes of imports, and potential foreign and domestic impacts on this market. This study will provide an integrated overview and analysis of the prospects for China's rapidly developing forest products industry, based on its need for imported raw material and its ability to increase domestic timber supplies. In addition, the report will present useful insight into the projected strengths and weaknesses of China's timber industry over the next 5 years.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080521/NEW122LOGO )

Study author and RISI Director of International Timber, Robert Flynn commented, "Mainly due to the impending Russian log export tax, China will see a significant decline in softwood log imports between 2007 and 2012, but imports of softwood lumber will more than double. Russia will be the primary new source of softwood lumber for China, but Canadian lumber exports to China will climb rapidly as well." He continued, "China will try to offset some of this decline with domestic stock, and as a result we expect to see a major expansion of domestic timber harvest in China, with most of the increase coming from fast-growing hardwood plantations. We also expect to see potentially a threefold increase in woodchip imports as China attempts to feed its growing pulp industry".

China's Timber Supply Outlook 2008 - 2012 is available now. A complete prospectus and order form can be found at http://www.risiinfo.com/chinatimber.

About RISI

RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, tissue, nonwovens, printing and publishing industries to help them make better decisions.

Headquartered in Boston (Bedford), Massachusetts, RISI operates offices in Brussels, Belgium; Atlanta, Georgia; San Francisco, California; Portland, Oregon; Sao Paulo, Brazil; Shanghai, China; Singapore; and Charlottesville, Virginia. More information can be found at http://www.risiinfo.com/.

   Contact:   Dan Blenk   Marketing Manager Wood & Timber Information   RISI   4 Alfred Circle, Bedford MA  01730 U.S.A.   Tel:  +1.781.734.8949   Email: [email protected]  

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080521/NEW122LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, [email protected]


CONTACT: Dan Blenk, Marketing Manager Wood & Timber Information, ofRISI, +1-781-734-8949, [email protected]

Web site: http://www.risiinfo.com/