In 2023, the import volume of wood-based panels to China stood at an estimated 3.025 million cubic meters. From this starting point, the forecast indicates a modest but steady increase in imports, reaching 3.0729 million cubic meters in 2024, and further expanding to 3.2608 million cubic meters by 2028. This reflects an average compound annual growth rate (CAGR) of approximately 1.5% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- A potential rise in domestic production capabilities, which could impact import demand.
- Fluctuations in global timber prices, influencing import costs.
- Environmental regulations and sustainability practices affecting sourcing and supply chain logistics.
