In 2023, China's wood sawn imports were valued at approximately 9.2 billion US dollars. The forecasted data projects a gradual increase from 2024 to 2028, rising from 9.48 billion to 10.51 billion US dollars. This forecasts a steady annual growth, with year-on-year variations of approximately 2.85% for 2025, 2.56% for 2026, 2.60% for 2027, and 2.44% for 2028. The last five-year compounded annual growth rate (CAGR) is approximately 2.67%.
Future trends to watch for include:
- Potential changes in China's domestic policies affecting import tariffs and regulations.
- Global market conditions and stability of the supply chain.
- Innovations in sustainable and alternative materials impacting wood demand.
- Economic factors and growth rates that may influence construction and related industries.