In 2023, the actual export value of Wood and Articles of Wood, Wood Charcoal in China was $18.2 billion USD. From 2024 onwards, forecast data suggests a steady growth in exports, starting from $18.6 billion in 2024 and reaching $20.87 billion by 2028. This represents a consistent year-on-year increase, with percentage growth rates approximately within 2.5% to 3% each year. Over the five-year forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is around 2.8%.
Future trends to watch for include:
- Potential impacts of global trade policies and environmental regulations on export levels.
- Developments in sustainable forestry practices, which may influence production and demand.
- Technological advancements in wood processing that could boost export competitiveness.
- Fluctuations in global demand driven by changing construction and manufacturing needs.