Market for Wood Chips And Particles in China
Market Overview
The Chinese wood chips and particles market expanded remarkably to $
in , with an increase of % 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). In general, consumption recorded resilient growth. Wood chips and particles consumption peaked in and is likely to see gradual growth in the near future.
In value terms, wood chips and particles production declined slightly to $ in estimated in export price. Overall, production showed a strong increase. The pace of growth was the most pronounced in 2010 with an increase of %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production remained at a lower figure.
in , with an increase of % 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). In general, consumption recorded resilient growth. Wood chips and particles consumption peaked in and is likely to see gradual growth in the near future.In value terms, wood chips and particles production declined slightly to $
in estimated in export price. Overall, production showed a strong increase. The pace of growth was the most pronounced in 2010 with an increase of %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production remained at a lower figure.Consumption
For the third year in a row, China recorded growth in consumption of wood chips and particles, which increased by % to cubic meters in . Over the period under review, consumption saw a resilient increase. Wood chips and particles consumption peaked in and is likely to see gradual growth in years to come.
The revenue of the wood chips and particles market in China amounted 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). In general, consumption saw buoyant growth. Over the period under review, the market reached the peak level in and is likely to see gradual growth in the immediate term.
% to cubic meters in . Over the period under review, consumption saw a resilient increase. Wood chips and particles consumption peaked in and is likely to see gradual growth in years to come.The revenue of the wood chips and particles market in China amounted 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). In general, consumption saw buoyant growth. Over the period under review, the market reached the peak level in and is likely to see gradual growth in the immediate term.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
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fifteen years (from % to %).
% to %).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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