In 2023, China's import of wood chips and wood particles stood at 18.000 million cubic meters. The forecast reveals a steady increase: from 18.408 million cubic meters in 2024 to 20.024 million cubic meters by 2028. The year-on-year growth is consistent, showing a mild upward trajectory. Annually, the import volume is expected to rise on average by approximately 1.7% Compound Annual Growth Rate (CAGR) over these five years.
Future trends to watch for include:
- China's domestic policies on sustainable forestry and environmental protection, potentially affecting import demand.
- Global market dynamics: any trade disputes or alliances that may impact import sources or costs.
- Technological advancements in material utilization which could influence the need for wood imports.
