subject: Research Report On Chinese Plywood Industry, 2009-2010 ----aarkstore Enterprise [print this page] The rapid growth of Chinese economy vigorously promotes the demand on Chinese plywood market. The wood from fast-growing and high-yield plantations in North China, East China, the middle and lower reaches of Yangtze River pours into the market. Moreover, the foreign high-quality broad-leaf wood enters China continuously, providing plenty of raw materials for Chinese plywood industry to develop continuously. The labor cost advantage is also one of the major advantages of Chinese plywood industry. In 2008, the production of Chinese artificial board reached 94.0995 million m3, rising by 6.46% YOY; the growth rate was reduced compared with that of 2007. Among that, the production of plywood was 35.4086 million m3, declining by 0.58% YOY and taking up 37.63% of the total artificial board production.
Nowadays, China is not only a large plywood producer but also a large plywood exporter. In recent years, with the constant upgrading of the domestic technology level, the cost performance of Chinese plywood is also increasing. Chinese plywood begins to enter high-end markets such as Europe, USA and Japan with large quantities. It also occupies gradually the market shares of Indonesia and Malaysia, etc. In 2008, the market scale of Chinese plywood industry was about RMB 149 billion (USD 21.848 billion), rising by 40% YOY.
Since 2008H2, Chinese plywood industry is also impacted by the global financial crisis. In 2008, the export of Chinese plywood saw decline. The total export volume of Chinese plywood totaled 7.1842 million m3 with a YOY decline of 17.57%. The decline majorly comes from the export reduction to Europe and USA. The import volume of Chinese plywood continued to drop with the import volume of 293,900 m3 in 2008, falling by 3.34% YOY.
