The import of densified wood into China is forecasted to decrease gradually from 2024 to 2028, starting at $3.9425 million and dropping to $3.6158 million. In 2023, the actual import value stood at $4.0 million. The year-on-year variation reveals a consistent decline, highlighting slight reductions in import values over time. Each subsequent year sees a decrease, reflecting a slowing demand or increased domestic production capabilities. The Compound Annual Growth Rate (CAGR) over the five-year period indicates a subtle downward trend averaging a decrease, suggesting potential market adjustments or shifts in sourcing strategies.
Future trends to watch include China's economic policies affecting importation, potential shifts in global supply chain dynamics, and advancements in domestic densified wood processing capabilities. Additionally, environmental regulations and sustainability practices might influence both local manufacturing and import decisions, impacting future import volume and value trends.
