Market for Wood Chips And Particles in China
Market Overview
The Chinese wood chips and particles market rose remarkably to $
in , increasing by % 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). Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.
In value terms, wood chips and particles production expanded notably to $ in estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2010 when the production volume increased by % against the previous year. Wood chips and particles production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.
in , increasing by % 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). Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.In value terms, wood chips and particles production expanded notably to $
in estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2010 when the production volume increased by % against the previous year. Wood chips and particles production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.Consumption
Wood chips and particles consumption in China reached cubic meters in , picking up by % compared with the year before. Over the period under review, consumption saw a remarkable increase. Wood chips and particles consumption peaked in and is likely to continue growth in years to come.
The value of the wood chips and particles market in China rose sharply to $ in , growing by % 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 continues to indicate prominent growth. Wood chips and particles consumption peaked in and is likely to see steady growth in years to come.
cubic meters in , picking up by % compared with the year before. Over the period under review, consumption saw a remarkable increase. Wood chips and particles consumption peaked in and is likely to continue growth in years to come.The value of the wood chips and particles market in China rose sharply to $
in , growing by % 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 continues to indicate prominent growth. Wood chips and particles consumption peaked in and is likely to see steady growth in years to come.Market Forecast
Driven by increasing demand for wood chips and particles in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to cubic meters by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to cubic meters by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . China domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in 2007 to % in . China domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
China remains a net importer of wood chips and particles; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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