In 2023, China's coniferous sawnwood imports stood at an estimated 16.7 million cubic meters. From 2024, a forecasted decline is evident with imports projected at 14.666 million cubic meters, decreasing further to 12.806 million in 2025, 10.964 million in 2026, 9.141 million in 2027, and 7.336 million by 2028. This indicates a continuous downward trend with a significant decline year-on-year: -12.8% from 2024 to 2025, -14.4% from 2025 to 2026, -16.7% from 2026 to 2027, and -19.7% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is -14.5%.
Future trends to watch for include:
- Potential economic factors influencing domestic production versus imports.
- Environmental policies impacting sustainable sourcing and demand.
- Global trade dynamics and potential shifts in supply chains.
