Wooden Frame Market Overview in China
In value terms, wooden frame production declined slightly to $ in 2019 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by % y-o-y. China production peaked at $ in 2012; afterwards, it flattened through to 2019.
The size of the wooden frame market in China totaled $ in 2019, 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.