China: Wood-Based Panels Market 2022

Wood-Based Panels Market Size in China

In 2021, after two years of growth, there was decline in the Chinese wood-based panels market, when its value decreased by -X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Wood-Based Panels Production in China

In value terms, wood-based panels production stood at $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Wood-based panels production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Wood-Based Panels Exports

Exports from China

In 2021, the amount of wood-based panels exported from China was estimated at X cubic meters, increasing by X% against 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood-based panels exports rose significantly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X cubic meters), the Philippines (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.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and the Philippines ($X) constituted the largest markets for wood-based panels exported from China worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of +X%, recorded 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

The average wood-based panels export price stood at $X per cubic meter in 2021, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. 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 failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Canada ($X per cubic meter), while the average price for exports to the United Arab Emirates ($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 Canada (+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 2021, increasing by X% against 2020. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, wood-based panels imports amounted to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X cubic meters), Thailand (X cubic meters) and Romania (X cubic meters) were the main suppliers of wood-based panels imports to China, together accounting for X% of total imports. These countries were followed by Brazil, Germany, Myanmar, Vietnam, Malaysia, Canada, Italy, Gabon, Austria and Spain, which together accounted for a further X 2012 to 2021, the biggest increases were in Myanmar (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Russia ($X) and Romania ($X) were the largest wood-based panels suppliers to China, together accounting for X% of total imports. These countries were followed by Germany, Thailand, Italy, Brazil, Austria, Spain, Malaysia, Canada, Gabon and Myanmar, which together accounted for a further X terms of the main suppliers, Gabon, with a CAGR of +X%, 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 wood-based panels import price stood at $X per cubic meter in 2021, with a decrease of -X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per cubic meter), while the price for Myanmar ($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 Vietnam (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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