Industry Analysis & Industry Trends
China's increasing urbanization rate, which jumped from 45.7% in 2008 to 56.1% in 2015, 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 14.6% over the five years to 2016, reaching $17.8 billion.
Due to inadequate supply, low quality and an uneven distribution of Chinese forest resources, demand for industry products surpasses supply. In the five years to 2016, imports are estimated to increase 6.4% per year on average, totaling $2.6 billion or 13.0% of domestic demand.... purchase to read more
Industry Report - Industry Analysis Chapter
Sawmills in China have experienced rapid growth in the five years to 2016. Revenue is set to reach $17.8 billion in 2016, reflecting 14.6% 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