MDF Market in China
Market Overview
The Chinese MDF market declined slightly to $
in , approximately mirroring 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, however, enjoyed resilient growth. Over the period under review, the market reached the maximum level at $ in 2015; however, from 2016 to , consumption failed to regain momentum.
In value terms, MDF production declined to $ in estimated in export price. Overall, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.
in , approximately mirroring 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, however, enjoyed resilient growth. Over the period under review, the market reached the maximum level at $ in 2015; however, from 2016 to , consumption failed to regain momentum.In value terms, MDF production declined to $
in estimated in export price. Overall, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Production peaked at $ in 2015; however, from 2016 to , production stood at a somewhat lower figure.Consumption
In , consumption of MDF decreased by -% to cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a prominent expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Consumption peaked at cubic meters in , and then reduced modestly in the following year.
The size of the MDF market in China contracted slightly to $ in , remaining stable 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, however, posted a resilient increase. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
, consumption of MDF decreased by -% to cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a prominent expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Consumption peaked at cubic meters in , and then reduced modestly in the following year.The size of the MDF market in China contracted slightly to $
in , remaining stable 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, however, posted a resilient increase. Over the period under review, the market attained the peak level at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for MDF in China, the market is expected to continue an upward consumption trend over the next eight years. 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 MDF 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 MDF. 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 exporter of MDF; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of cubic meters, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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