Hardboard Market Overview in China
Market Overview
In 2019, the Chinese hardboard market increased by 
% to $, rising for the third year in a row after three years of decline. Over the period under review, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Hardboard consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.
In value terms, hardboard production expanded to $ in 2019 estimated in export prices. Overall, production posted strong growth. The pace of growth appeared the most rapid in 2009 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
% to $, rising for the third year in a row after three years of decline. Over the period under review, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Hardboard consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.In value terms, hardboard production expanded to $
in 2019 estimated in export prices. Overall, production posted strong growth. The pace of growth appeared the most rapid in 2009 with an increase of % year-to-year. Over the period under review, production attained the peak level at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of hardboard increased by % to cubic meters, rising for the third consecutive year after three years of decline. Overall, consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Hardboard consumption peaked at cubic meters in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.
The revenue of the hardboard market in China totaled $ in 2019, surging 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 posted prominent growth. The pace of growth appeared the most rapid in 2009 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
% to cubic meters, rising for the third consecutive year after three years of decline. Overall, consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Hardboard consumption peaked at cubic meters in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.The revenue of the hardboard market in China totaled $
in 2019, surging 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 posted prominent growth. The pace of growth appeared the most rapid in 2009 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for hardboard in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to cubic meters by the end of .
% for the period from 2019 to , which is projected to bring the market volume to cubic meters by the end of .Market Structure
Over the period under review, imports of hardboard 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 hardboard.
Trade Balance
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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