The sawnwood production in China saw significant growth from 2013 to 2019, peaking at 90.241 million cubic meters in both 2018 and 2019. A noticeable decline ensued from 2020 onwards, with production dropping to 83.6 million cubic meters in 2023. The year-on-year variation between 2021 and 2023 remained stagnated with minor declines. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 shifted from positive to negative, indicating a slowdown in sawnwood production growth.
Forecast data from 2024 to 2028 predicts a continued decline in production, with a forecasted 5-year CAGR of -0.41% and an overall forecasted growth rate of -2.03%. This long-term trend raises concerns regarding the sustainable production levels and industry dynamics in the Chinese sawnwood market.
Future trends to watch for include potential impacts of environmental policies, shifts in domestic and global demand, technological advancements in production efficiency, and resource availability. Monitoring these factors will be critical for stakeholders to adapt and strategize effectively in the evolving market landscape.
