Japan will ban the import of some Russian timber!
On the morning of April 12, Japanese Minister of economy and industry Guangyi Yoshida said that he would stop importing some timber and other commodities from Russia from the 19th. In fact, affected by the situation in Russia and Ukraine, Japan’s timber prices have risen sharply recently. Will the new import ban exacerbate the situation of low domestic timber volume and high prices in Japan?
Japanese Prime Minister Fumio Kishida recently announced that he would stop importing some Russian timber from this week. However, according to the latest news, the embargo measures will be implemented from the 19th. On the morning of April 12, the competent forestry department of Japan was contacted by telephone. The relevant person in charge said that the scope of the embargo includes three types of processed wood such as veneer.
Single family houses in Japan are generally of wood structure, while Russian wood is commonly used for ceilings, beams and columns. According to statistics, Japan imported about 850000 cubic meters of Russian processed wood last year, accounting for nearly 20% of Japan’s total imported processed wood. After the conflict between Russia and Ukraine, there was widespread concern in the Japanese timber market that Russian timber might be embargoed, and some Japanese businesses snapped up Russian timber. Japanese industry insiders predict that if the import of Russian timber is stopped, an average of 17000 new houses will be affected every month.
In fact, before Japan announced the ban on imports, Russia had first proposed to ban some timber from Japan, which pushed up the price of timber in the Japanese market. The situation in Russia and Ukraine, coupled with the tight supply chain caused by the epidemic, the increase of wood prices has generally more than doubled that of last year. According to Japanese media reports, the rise in timber prices has forced some Japanese people to revise their housing construction plans. When it is difficult to increase the budget, they can only reduce the construction area.
On the other hand, in order to cope with the shortage of wood supply, some Japanese manufacturers began to pay attention to recycling. Some enterprises recycle the waste wood produced by construction sites and find needed buyers for these wood through reprocessing. Some furniture manufacturers recycle old furniture and sell it after polishing.
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