The import of oak lumber to China, measured in million cubic meters, stood at 1.95 in 2023. From 2024 onwards, an upward trend is projected, with values rising consistently each year up to 2.36 in 2028. Year-on-year growth rates are 4.17% from 2024 to 2025, 3.91% from 2025 to 2026, 3.69% from 2026 to 2027, and 3.49% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 4%.
Future trends to watch for include:
- Potential modifications in trade policies and tariffs that may affect import dynamics.
- Environmental regulations influencing the demand and supply of oak lumber.
- Technological advancements in alternative materials that could impact the lumber industry.
- Fluctuations in construction and woodworking industries, driving the demand for oak lumber.