The forecasted import value of wood sawn or chipped lengthwise to China shows a steady increase from $13.13 billion in 2024 to $15.09 billion by 2028. In 2023, the imports were slightly lower, indicating a positive growth trend. Year-on-year growth rates are projected at approximately 3.85% from 2024 to 2025, 3.63% from 2025 to 2026, 3.44% from 2026 to 2027, and 3.25% from 2027 to 2028. The compound annual growth rate (CAGR) for this period is estimated to be around 3.54%.
Future trends to watch for include:
- Domestic demand changes driven by construction and manufacturing sectors.
- Policy shifts impacting import tariffs and environmental regulations.
- Competition from alternative materials or other countries entering the market.
- Global economic fluctuations influencing trade activities.
