Plywood Market - China Topped the List of Global Plywood Exporters in 2014

Wood-Based Panels December 03, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

plywood market

Plywood is a sheet material manufactured from thin layers or "plies" of wood veneer that are glued together with adjacent layers having their wood grain rotated up to 90 degrees to one another. It is a versatile material suitable for a variety of applications. Exterior glued plywood, for example, can be used outdoors to sheathe exterior walls, while hardwood plywood is handy for decorative paneling and furniture. Due to its flexible structure, plywood is also widely used to create curved surfaces. Skateboard ramps, for instance, often utilize plywood as the top smooth surface over bent curves to simulate the rise and fall of ocean waves.

China's evolving plywood manufacturing is a multi-billion industry. Numerous Chinese manufacturers have acquired advanced machinery to streamline the manufacturing process, gearing the sector toward quality enhancement and greater efficiency on the plywood market.

Chinese plywood is produced both for local use and exports. With limited forestation in the country, manufacturers have turned to its more plentiful bamboo resources, and over the past ten years, breakthroughs have been made in its use. As a new type of structural material, bamboo plywood is experiencing a boom, with production soaring, turning it into an essential component of the forest products industry in China.

In 2014, China was the main global supplier of plywood with a 39% share of global exports. However, the fastest growing supplier from 2007 to 2014 was the U.S. (+9.3% per year). In 2014, China exported 11% of its total plywood output. The U.S. was the major consumer of Chinese plywood.

In 2014, Japan (15%), the U.S. (12%), Canada (6%), the UK (6%) and Germany (6%) were the leading destinations of plywood imports, together making up 44% of global imports in physical terms. The share of the U.S. illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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  • plywood market share
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Source: World: Plywood - Market Report. Analysis and Forecast to 2020