The turnover of retail of wood and wooden products in China experienced significant fluctuations from 2013 to 2022. In 2023, the turnover stood at 54.2 hundred million Yuan Renminbi. The past two years saw a notable recovery with a 37.26% increase in 2022 followed by a slight decline of 0.48% in 2023. Analyzing the last five years, the compound annual growth rate (CAGR) reveals an average annual decrease of 0.83%, indicating relatively stable but marginally declining growth.
Looking ahead, the forecasted turnover indicates a slight downward trend through 2028, with the CAGR projected at -0.18% over the next five years. This suggests a modest and steady contraction in the market. Key factors to watch include economic policies, construction activity levels, and import-export dynamics, which could influence future turnover.
