China’s Wood-Based Panel Exports Increased by 15% in 2014

Wood-Based Panels October 29, 2015
Author: Olga Minchina
Account Manager

China dominates in the global wood-based panel trade. In 2014, China exported 5,865 thousand tonnes of wood-based panels totaling 5,813 million USD, 15% over the previous year. Its primary trading partner was the U.S., where it supplied 15% of its total wood-based panel exports in value terms, accounting for 55% of the U.S. total imports.

Overall, the global trade of wood-based panels reached 16,255 million USD, with a CAGR of 13.2% from 2007 to 2014. In physical terms, it showed steady growth, rising from 13.5 million tonnes in 2007 to 16.2 million tonnes in 2014.

In 2014, the U.S. (12.4%), Japan (11.9%), the Netherlands (11.2%), the Republic of Korea (6.2%) and Germany (5.6%) were the leading destinations of wood-based panel imports, together making up 47.3% of global imports. The share of the U.S. increased significantly (+12.4 percentage points), while the share of Germany illustrated negative dynamics (-4.8percentage points).

China and Indonesia were among the other main global suppliers of wood-based panels in 2014 with a combined share of 55% of global exports. However, the fastest growing exporter from 2007 to 2014 was the Russian Federation (+4.4% per year). China significantly strengthened its position in the global export structure, from 31% in 2007 to 39% in 2014.

Source: World: Wood-Based Panels - Market Report. Analysis And Forecast To 2020