Wood Residues Market in China
Market Overview
For the fifth consecutive year, the Chinese wood residues market recorded growth in sales value, which increased by 
% to $ in . Overall, consumption continues to indicate strong growth. Wood residues consumption peaked in and is likely to continue growth in the immediate term.
In value terms, wood residues production stood at $ in estimated in export price. Over the period under review, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of %. Wood residues production peaked in and is expected to retain growth in the immediate term.
% to $ in . Overall, consumption continues to indicate strong growth. Wood residues consumption peaked in and is likely to continue growth in the immediate term.In value terms, wood residues production stood at $
in estimated in export price. Over the period under review, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of %. Wood residues production peaked in and is expected to retain growth in the immediate term.Consumption
In , consumption of wood residues increased by % to cubic meters, rising for the seventh year in a row after two years of decline. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, consumption hit record highs in and is likely to see steady growth in the immediate term.
The value of the wood residues market in China rose slightly 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 saw buoyant growth. Over the period under review, the market reached the maximum level in and is likely to see gradual growth in years to come.
, consumption of wood residues increased by % to cubic meters, rising for the seventh year in a row after two years of decline. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, consumption hit record highs in and is likely to see steady growth in the immediate term.The value of the wood residues market in China rose slightly 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 saw buoyant growth. Over the period under review, the market reached the maximum level in and is likely to see gradual growth in years to come.Market Forecast
Driven by increasing demand for wood residues 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
Over the period under review, imports of wood residues in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for wood residues. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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 residues; 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 $.
. In , there was a significant trade deficit of cubic meters, which was equal to $.
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