By the end of 2023, China's import volume of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau logs stood below 10.858 million cubic meters. The forecast for 2024 to 2028 shows a steady increase in imports, with volumes reaching 13.012 million cubic meters by 2028. This signifies a year-on-year growth typically in the range of 5%. The compound annual growth rate (CAGR) from 2024 to 2028 is around 4.6%, indicating consistent demand escalation.
Future trends to watch for include:
- Potential trade policy changes in China impacting import volumes.
- Variability in international supply chains affecting wood availability.
- Increased domestic environmental regulations in China driving import demands.
