Global price of Hard Logs, Import Price Japan
This dataset tracks global price of hard logs, import price japan over time.
Latest Value
205.95
Year-over-Year Change
9.17%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Global price of Hard Logs, Import Price Japan' series measures the monthly import price of hard logs in Japan, a key indicator of global timber trade and forestry industry conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the market price of imported hardwood logs in Japan, one of the world's largest timber importers. It reflects global supply and demand for raw forestry products and is used by policymakers and industry analysts to assess trends in the global timber trade.
Methodology
The data is collected by the Japanese government through surveys of timber importers.
Historical Context
Trends in this series are monitored by forestry agencies, trade groups, and international organizations to understand global commodity flows and industrial production.
Key Facts
- Japan is the world's largest importer of hardwood logs.
- Timber prices impact production costs for paper, furniture, and construction industries.
- Global log prices reflect supply, demand, and geopolitical factors in major producing and consuming regions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly import price of hardwood logs in Japan, a key indicator of global timber trade and forestry industry conditions.
Q: Why is this trend relevant for users or analysts?
A: Trends in this series are monitored by forestry agencies, trade groups, and international organizations to understand global commodity flows and industrial production.
Q: How is this data collected or calculated?
A: The data is collected by the Japanese government through surveys of timber importers.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and industry analysts to assess trends in the global timber trade and their impacts on forestry, manufacturing, and international commerce.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may not fully capture spot market price fluctuations.
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Citation
U.S. Federal Reserve, Global price of Hard Logs, Import Price Japan (PLOGSKUSDM), retrieved from FRED.