In 2023, the import value of plywood with one or two outer ply non-coniferous to China was recorded at $90 million USD. The forecast for 2024 is $92.861 million USD, reflecting a year-on-year increase of approximately 3.18%. Continuing this upward trend, projections for the subsequent years indicate consistent growth with estimates of $95.038 million USD in 2025, $97.172 million USD in 2026, $99.263 million USD in 2027, and $101.31 million USD in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to average around 2.86%.
Future trends to monitor include:
- Potential fluctuations in trade policies affecting plywood imports.
- Shifts in demand due to domestic market conditions and construction sector trends in China.
- Exchange rate alterations impacting import costs.
