China: Plywood Market 2023

Plywood Market Size in China

The Chinese plywood market totaled less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern.

Plywood Exports

Exports from China

In 2021, exports of plywood from China totaled less than X cubic meters, remaining constant against the year before. Overall, exports showed a relatively flat trend pattern.

In value terms, plywood exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

Japan (X cubic meters), the United States (X cubic meters) and Thailand (X cubic meters) were the main destinations of plywood exports from China, together comprising 23% of total exports. Canada, Vietnam, the UK, the Philippines, Malaysia, Belgium, Taiwan (Chinese), Israel, Mexico and Saudi Arabia lagged somewhat behind, together accounting for a further 77%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +22.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Philippines ($X) and the UK ($X) constituted the largest markets for plywood exported from China worldwide, with a combined 23% share of total exports.

The Philippines, with a CAGR of +18.4%, recorded the highest rates of growth with regard to 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

The average plywood export price stood at less than $X per thousand cubic meters in 2021, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per thousand cubic meters), while the average price for exports to Thailand ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Plywood Imports

Imports into China

Plywood imports into China was estimated at less than X cubic meters in 2021, flattening at the year before. In general, imports recorded a relatively flat trend pattern.

In value terms, plywood imports totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

Russia (X cubic meters), Taiwan (Chinese) (X cubic meters) and Myanmar (X cubic meters) were the main suppliers of plywood imports to China, together accounting for 30% of total imports. Moreover, plywood imports in Russia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese), threefold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the largest plywood suppliers to China, with a combined 30% share of total imports. These countries were followed by Malaysia, Indonesia, Italy, Myanmar, Belgium, Finland and Poland, which together accounted for a further 70%. Moreover, plywood imports in Russia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese), twofold.

Among the main suppliers, Myanmar, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plywood import price stood at less than $X per thousand cubic meters in 2021, flattening at the previous year. Overall, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per thousand cubic meters), while the price for Poland ($X per thousand cubic meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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