In 2023, the import value of logs such as Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood to China stood at 3.5 billion USD. Forecasts indicate a steady upward trend from 2024 to 2028, with the value growing from 3.65 billion USD in 2024 to 4.35 billion USD in 2028. This represents an average compound annual growth rate (CAGR) of approximately 4.5% over five years. Year-on-year growth rates show a consistent demand increase in China for these wood imports, highlighting a robust market.
Future trends to watch for include:
- Potential impact of environmental regulations on import levels.
- Fluctuations in global timber markets that could influence prices.
- Shifts in domestic demand due to changes in policies or economic conditions.
- Development of technology that could impact production or demand.
