China - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood-Based Panels Prices in China
China Wood-Based Panels Export Price in September 2022
In September 2022, the wood-based panels price amounted to $115 per cubic meter (FOB, China), surging by 12% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in July 2022 an increase of 28% month-to-month. As a result, the export price attained the peak level of $128 per cubic meter. From August 2022 to September 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($356 per cubic meter), while the average price for exports to Malaysia ($16.3 per cubic meter) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
China Wood-Based Panels Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was veneer sheets ($1,296 per cubic meter), while the average price for exports of plywood ($84.5 per cubic meter) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: plywood (+3.0%), while the prices for the other products experienced more modest paces of growth.
China Wood-Based Panels Exports
In September 2022, approximately 4.4M cubic meters of wood-based panels were exported from China; which is down by -13.3% against the previous month's figure. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in March 2022 with an increase of 46% month-to-month. Over the period under review, the exports hit record highs at 7.5M cubic meters in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, wood-based panels exports shrank slightly to $505M (IndexBox estimates) in September 2022. Overall, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in March 2022 when exports increased by 29% month-to-month. Over the period under review, the exports reached the peak figure at 754M cubic meters in May 2022; however, from June 2022 to September 2022, the exports failed to regain momentum.
China Wood-Based Panels Exports by Type
Plywood (4.1M cubic meters) was the largest type of wood-based panels exported from China, accounting for a 94% share of total exports. Moreover, plywood exceeded the volume of the second product type, fibreboard (203K cubic meters), more than tenfold. Particle boards (42K cubic meters) ranked third in terms of total exports with a 1% share.
From January 2022 to September 2022, the average monthly growth rate of the volume of export of plywood totaled -6.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: fibreboard (-1.9% per month) and particle boards (-1.7% per month).
In value terms, plywood ($349M) remains the largest type of wood-based panels exported from China, comprising 69% of total exports. The second position in the ranking was held by fibreboard ($90M), with an 18% share of total exports. It was followed by veneer sheets, with an 8.2% share.
From January 2022 to September 2022, the average monthly growth rate of the export volume of plywood amounted to -3.7%. With regard to the other exported products, the following average monthly rates of growth were recorded: fibreboard (-2.8% per month) and veneer sheets (-7.7% per month).
China Wood-Based Panels Exports by Country
Malaysia (837K cubic meters), the United States (569K cubic meters) and Japan (456K cubic meters) were the main destinations of wood-based panels exports from China, with a combined 42% share of total exports. These countries were followed by the Netherlands, Vietnam, the Philippines, Australia, South Korea, Thailand, the UK, Canada, Ghana and the United Arab Emirates, which together accounted for a further 31%.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +33.9%), while the other leaders experienced more modest paces of growth.
In value terms, the Philippines ($36M), Australia ($35M) and Japan ($30M) constituted the largest markets for wood-based panels exported from China worldwide, with a combined 20% share of total exports. the UK, the United Arab Emirates, Vietnam, the United States, Canada, Malaysia, Thailand, South Korea, the Netherlands and Ghana lagged somewhat behind, together comprising a further 33%.
the Netherlands, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the wood-based panels market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1647 - Hardboard
- FCL 1648 - MDF/HDF
- FCL 1650 - Other fibreboard
- FCL 1697 - Particle board
- FCL 1606 - OSB
- FCL 1640 - Plywood
- FCL 1634 - Veneer sheets
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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