Hardboard Market in China
Market Overview
The Chinese hardboard market stood at $
in , standing approx. at 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 a resilient expansion. Hardboard consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
In value terms, hardboard production totaled $ in estimated in export price. In general, production showed a measured expansion. The growth pace was the most rapid in 2009 with an increase of %. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to , production failed to regain momentum.
in , standing approx. at 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 a resilient expansion. Hardboard consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.In value terms, hardboard production totaled $
in estimated in export price. In general, production showed a measured expansion. The growth pace was the most rapid in 2009 with an increase of %. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to , production failed to regain momentum.Consumption
In , hardboard consumption in China was estimated at cubic meters, approximately mirroring the previous year. In general, consumption recorded a buoyant increase. Hardboard consumption peaked at cubic meters in 2013; however, from 2014 to , consumption failed to regain momentum.
The size of the hardboard market in China was estimated at $ in , leveling off at 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 continues to indicate a strong increase. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
, hardboard consumption in China was estimated at cubic meters, approximately mirroring the previous year. In general, consumption recorded a buoyant increase. Hardboard consumption peaked at cubic meters in 2013; however, from 2014 to , consumption failed to regain momentum.The size of the hardboard market in China was estimated at $
in , leveling off at 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 continues to indicate a strong increase. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption stood at a somewhat 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 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 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. 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 hardboard; 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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