The import of veneer sheets and sheets for plywood to China was valued at $205 million in 2023. Forecasted to 2028, imports are expected to grow steadily from $213.59 million in 2024 to $233.34 million in 2028. The year-on-year growth rate is approximately 2.38%, indicating a stable increase.
The compound annual growth rate (CAGR) over the five-year forecast period is around 2.28%, which reflects moderate but consistent growth in import values. This trend signifies an expanding market possibly driven by increased demand or changing industrial needs.
Future trends to watch for:
- Policy changes impacting trade and tariffs.
- Fluctuations in construction and furniture demand.
- Developments in sustainable materials affecting the plywood industry.
