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 Analysis Chapter
Sawmills in China have experienced rapid growth in the five years to 2015. Revenue is set to reach $13.1 billion in 2015, reflecting an 11.5% annualized growth over the past five years. With the development of the economy and improvements in living standards, domestic demand is expected to further improve over the period. The main drivers of demand include China's rapid urbanization, infrastructure construction, development of the real estate market and increasing purchasing power for high-quality wood furniture.
The rapid development of the real estate market in China has created strong demand for construction wood, wood for decoration (IBISWorld report 4900) and wood furniture (2110)... purchase to read more