China: Densified Wood Market 2025

Densified Wood Market Size in China

The Chinese densified wood market fell slightly to $X in 2022, which is down by -3.9% against the previous year. Overall, consumption continues to indicate a noticeable decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Densified Wood Production in China

In value terms, densified wood production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Densified Wood Exports

Exports from China

Densified wood exports from China reduced modestly to X tons in 2022, remaining constant against the previous year. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 91% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, densified wood exports surged to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 75% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of densified wood exports from China, together comprising 15% of total exports. Pakistan, Myanmar, Australia, Ethiopia, Thailand, the Philippines, Russia, Papua New Guinea, Angola and Maldives lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +182.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for densified wood exported from China were Vietnam ($X), the United States ($X) and South Korea ($X), together comprising 33% of total exports. Ethiopia, Pakistan, Australia, Thailand, the Philippines, Russia, Maldives, Papua New Guinea, Myanmar and Angola lagged somewhat behind, together comprising a further 19%.

Myanmar, with a CAGR of +131.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average densified wood export price amounted to $X per ton, surging by 22% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Densified Wood Imports

Imports into China

In 2022, the amount of densified wood imported into China reduced to X tons, dropping by -13.7% compared with 2021. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 217%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, densified wood imports rose sharply to $X in 2022. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest densified wood supplier to China, with a 56% share of total imports. Moreover, densified wood imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold. The third position in this ranking was held by France (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+24.3% per year) and France (+165.2% per year).

In value terms, Germany ($X) constituted the largest supplier of densified wood to China, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+49.1% per year) and South Korea (+31.6% per year).

Import Prices by Country

The average densified wood import price stood at $X per ton in 2022, rising by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2014 an increase of 39%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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