The import volume of coniferous (softwood) wood to China has shown significant fluctuations from 2013 to 2023. From a high of approximately 16.91 million cubic meters in 2013, the volume dropped significantly to 10.52 million cubic meters in 2015 but rebounded robustly by 2017, reaching 25.046 million cubic meters. Between 2017 and 2023, the growth has been more stable, with the volume increasing to 31.319 million cubic meters by 2023. Year-on-year variations have been erratic, with notable increases in 2016 and 2017 at 40.06% and 69.98%, respectively. Recent years have seen more moderate growth rates with 4.43% in 2023. The compound annual growth rate (CAGR) over the last five years was 4.71%.
Looking to the future, forecast data indicates a continued upward trend with an expected CAGR of 2.89% over the next five years, culminating in an import volume of 37.601 million cubic meters by 2028. Key trends to watch for include the impact of China's economic policies on infrastructure and construction, environmental regulations, and potential fluctuations in global supply and demand for softwood lumber.
