The forecast for the import of plywood with one or two outer ply tropical hardwood to China shows a declining trend from 2024 to 2028, with values decreasing from $13.87 million in 2024 to $7.57 million in 2028. This suggests a consistent annual decline in import value. For reference, the value stood at approximately $15 million in 2023. The average yearly contraction, calculated over the five-year period starting in 2023, appears considerable, indicating a steep downturn in imports year after year.

Notable future trends to watch for include:

Potential changes in global supply chain dynamics affecting tropical hardwood availability and pricing.
Shifting domestic consumption patterns in China toward more sustainable or alternative materials.
China’s trade policies and their impact on import restrictions or tariffs.
Environmental regulations influencing the demand and sourcing practices for tropical hardwood.