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China - Sawnwood - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Sawnwood From China Plummets to $6.6 Billion in 2023
China Sawnwood Imports
In 2023, sawnwood imports into China dropped markedly to 27M cubic meters, falling by -25.6% compared with the year before. In general, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 77%. Over the period under review, imports reached the maximum at 49M cubic meters in 2019; however, from 2020 to 2023, imports failed to regain momentum.
In value terms, sawnwood imports reduced notably to $6.6B (IndexBox estimates) in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by 26%. Over the period under review, imports reached the peak figure at $10.1B in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
COUNTRY | Import Value of Sawnwood in China (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Russia | 1,362 | 1,558 | 1,778 | 2,324 | 2,974 | 3,269 | 3,233 | 2,795 | 3,044 | 5,303 | 2,647 |
Thailand | 864 | 1,018 | 1,032 | 1,271 | 1,522 | 1,407 | 1,038 | 951 | 1,018 | 989 | 1,084 |
United States | 1,077 | 1,451 | 1,356 | 1,452 | 1,708 | 1,652 | 824 | 774 | 901 | 1,080 | 779 |
Gabon | 105 | 161 | 223 | 166 | 231 | 304 | 264 | 242 | 229 | 251 | 204 |
Finland | 103 | 112 | 159 | 227 | 393 | 298 | 276 | 195 | 179 | 238 | 185 |
Germany | 117 | 147 | 108 | 92.4 | 119 | 116 | 191 | 219 | 189 | 196 | 181 |
Belarus | 0.2 | 0.5 | 1.4 | 1.6 | 5.6 | 12.3 | 51.6 | 105 | 107 | 138 | 162 |
Canada | 1,548 | 1,508 | 1,111 | 893 | 1,031 | 956 | 890 | 566 | 453 | 177 | 105 |
Indonesia | 162 | 236 | 193 | 220 | 271 | 272 | 130 | 99.9 | 48.2 | 57.9 | 60.9 |
Others | 1,488 | 1,895 | 1,544 | 1,492 | 1,813 | 1,845 | 1,694 | 1,699 | 1,687 | 1,429 | 1,185 |
Total | 6,826 | 8,086 | 7,505 | 8,138 | 10,066 | 10,131 | 8,592 | 7,645 | 7,856 | 9,859 | 6,594 |
Imports by Country
In 2023, Russia (13M cubic meters) constituted the largest supplier of sawnwood to China, accounting for a 49% share of total imports. Moreover, sawnwood imports from Russia exceeded the figures recorded by the second-largest supplier, Thailand (4.5M cubic meters), threefold. The third position in this ranking was taken by the United States (1.2M cubic meters), with a 4.6% share.
From 2013 to 2023, the average annual growth rate of volume from Russia stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.0% per year) and the United States (-7.8% per year).
In value terms, Russia ($2.6B) constituted the largest supplier of sawnwood to China, comprising 40% of total imports. The second position in the ranking was taken by Thailand ($1.1B), with a 16% share of total imports. It was followed by the United States, with a 12% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Russia totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.3% per year) and the United States (-3.2% per year).
Imports by Type
Sawnwood (coniferous) (17M cubic meters) and sawnwood (non-coniferous) (9.7M cubic meters) were the main products of sawnwood imports to China.
From 2013 to 2023, the biggest increases were recorded for sawnwood (non-coniferous) (with a CAGR of +2.7%).
In value terms, sawnwood with the largest imports in China were sawnwood (coniferous) ($3.4B) and sawnwood (non-coniferous) ($3.2B).
Import Prices by Country
In 2023, the sawnwood price amounted to $247 per cubic meter (CIF, China), which is down by -10.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 31% against the previous year. As a result, import price reached the peak level of $296 per cubic meter. From 2017 to 2023, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($630 per cubic meter), while the price for the Philippines ($76 per cubic meter) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the sawnwood 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 1632 - Sawnwood, coniferous
- FCL 1633 - Sawnwood, non-coniferous all
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023