China: Plywood Market 2022

Plywood Market Size in China

In 2021, the Chinese plywood market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Plywood Production in China

In value terms, plywood production shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a slight setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Plywood Exports

Exports from China

In 2021, the amount of plywood exported from China soared to X cubic meters, increasing by X% against 2020 figures. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plywood exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X cubic meters), the UK (X cubic meters) and the United States (X cubic meters) were the main destinations of plywood exports from China, with a combined X% share of total exports. Japan, Vietnam, the United Arab Emirates, Belgium, Canada, Taiwan (Chinese), Mexico, Thailand, Australia and Saudi Arabia lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Australia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plywood exported from China were the United States ($X), the Philippines ($X) and the UK ($X), with a combined X% share of total exports. Japan, Canada, Belgium, Australia, Vietnam, Mexico, the United Arab Emirates, Thailand, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plywood export price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Plywood Imports

Imports into China

In 2021, approx. X cubic meters of plywood were imported into China; declining by -X% against the previous year's figure. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, plywood imports skyrocketed to $X in 2021. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X cubic meters) constituted the largest plywood supplier to China, with a X% share of total imports. Moreover, plywood imports from Russia exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), fourfold. The third position in this ranking was held by Malaysia (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Malaysia (-X% per year).

In value terms, Russia ($X) constituted the largest supplier of plywood to China, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average plywood import price stood at $X per cubic meter in 2021, surging by X% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the price for Indonesia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Kaynak: IndexBox Platformu