Investor Presentation
China's Large Timber Supply Deficit is Growing
China Total Timber Supply Deficit
(million m3 RWE)
360
China Softwood Log and Lumber Imports
(million m3 RWE)
90
320
280
240
200
160
120
60
80
40
40
60
80
70
70
60
60
50
50
40
40
30
50
Woodchips
20
20
10
2008 2010 2012 2014 2016 2018 2020 2022
Russia New Zealand United States Canada ROW
Softwood log and lumber imports into China are expected to recover in 2023 and the long-
term outlook remains positive given its growing timber supply deficit.
2002 2007 2012 2017 2021 2022E 2027F 2032F
■Logs Lumber Wood Panels ■Pulp
Rayonier
Source: Dana Ltd./Gingko Consulting and Forest Economic Advisors. RWE defined as roundwood equivalent.
Investor Presentation | August 2023
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