China: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in China

In 2022, the Chinese wood-based panels market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Wood-based panels consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Wood-Based Panels Production in China

In value terms, wood-based panels production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Wood-Based Panels Exports

Exports from China

In 2022, shipments abroad of wood-based panels decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters, and then dropped remarkably in the following year.

In value terms, wood-based panels exports fell notably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

The Philippines (X cubic meters), Japan (X cubic meters) and Vietnam (X cubic meters) were the main destinations of wood-based panels exports from China, together accounting for X% of total exports. The United Arab Emirates, Saudi Arabia, the UK, the United States, Mexico, Taiwan (Chinese), Nigeria, Australia, Thailand and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Japan ($X) were the largest markets for wood-based panels exported from China worldwide, together comprising X% of total exports. The United States, Australia, the UK, the United Arab Emirates, Mexico, Saudi Arabia, Canada, Nigeria, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to Saudi Arabia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood-Based Panels Imports

Imports into China

Wood-based panels imports into China expanded remarkably to X cubic meters in 2022, increasing by X% on the previous year's figure. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Russia (X cubic meters), Vietnam (X cubic meters) and Myanmar (X cubic meters) were the main suppliers of wood-based panels imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of wood-based panels to China, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with an X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, rising by X% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Myanmar ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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