Industry Analysis & Industry Trends
China's increasing urbanization rate, which jumped from 45.7% in 2008 to 54.8% in 2014, has bolstered demand for construction wood, wood for decoration and wood furniture over the past five years. The rapid development of transportation infrastructure also raised demand for special timbers and sleepers. These factors have benefited the Sawmill industry, causing industry revenue to increase at an annualized 11.5% over the five years to 2015, reaching $13.1 billion.
Due to inadequate supply, low quality and an uneven distribution of Chinese forest resources, demand for industry products surpasses supply. Therefore, an increasing number of timbers and sleepers satisfied market demand over the five-year period. In the five years to 2015, imports are estimated to increase 16.7%.... purchase to read more
Industry Report - Industry Products Chapter
Products manufactured in this industry are classified based on the characteristics of their raw materials. Softwood sawn timbers are estimated to account for 35.0% of total industry revenue, and hard timbers are expected to account for about 65.0% in 2015.
Softwood sawn timbers are mainly used in engineering construction, bridge construction, and transportation, as they are tractable and free from deformation. The share of softwood-sawn timbers has been increasing as the Chinese government increases its expenditure on engineering and transportation construction to stimulate the economy... purchase to read more