• News

NZ softwood log exports stabilised 0.1% In August | 21.097 million m3

New Zealand’s softwood log exports are focussed primarily on supply to China, with total exports for the period totalling 21.087 million m3, exported at a deteriorating average price of NZDFob147.09/m3. The weighted average price was 18.4% lower than one year earlier.

New Zealand Softwood Log Exports by Size: Jan ’21 – Aug ‘23 (‘000 m3 and NZDFob/m3)

Source: Statistics NZ and IndustryEdge

A new symmetry has been reached with New Zealand softwood log export prices. That is, since the end of 2022, the weighted average price for softwood log exports has been largely the same, regardless of dimension, as the table below shows.

NZDFob/m3

<15 cm

>15 cm

Differential

Jan-23

161.68

165.05

2.0%

Feb-23

163.03

170.33

4.3%

Mar-23

178.21

178.63

0.2%

Apr-23

152.92

163.41

6.4%

May-23

142.39

144.96

1.8%

Jun-23

125.22

127.43

1.7%

Jul-23

124.25

126.72

2.0%

Aug-23

142.21

148.45

4.2%

Source: Statistics NZ and IndustryEdge

Posted Date: November 8, 2023

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