In 2023, China's plywood import volume stood at approximately 973,000 cubic meters. The forecast data indicates progressive growth from 2024 to 2028, with volumes increasing from 989,380 to 1,051,500 cubic meters. This marks a consistent year-on-year growth of around 1.6% to 1.8% during this period. Over the five-year span, the compound annual growth rate (CAGR) is estimated at approximately 1.5%.
Future trends to watch for include:
- Global economic conditions affecting demand for construction materials.
- China's domestic production capacity influencing import needs.
- Trade policies and tariffs impacting international supply chains.
- Innovations in sustainable materials potentially altering market dynamics.
