The sawnwood import into China demonstrated significant variation over the past decade. After a peak in 2019 with a value of 39.418 million cubic meters, the volume steadily declined, reaching 25.289 million cubic meters in 2023. The year-on-year decline has been notable, with a -9.6% contraction in 2023. More critically, the Compound Annual Growth Rate (CAGR) over the last five years stood at -7.85%, signaling a downturn. The forecast for the next five years suggests an average decline of -11.51% per year, potentially culminating in a 45.75% reduction by 2028.
Future trends to watch for include:
- Changes in domestic timber policies and sustainability initiatives, which could impact import levels.
- The influence of trade relations and tariffs affecting global sawnwood markets.
- Developments in construction and manufacturing sectors that alter demand for sawnwood.
- Advancements in alternative materials which might substitute the traditional use of sawnwood.