Industry Analysis & Industry Trends
China's urbanization rate increased from 45.7% in 2008 to 53.7% in 2013. The resulting fast development of the real estate market created huge demand for construction wood, wood for decoration, and wood furniture. The rapid development of transportation infrastructure also raised demand for special timbers and sleepers. These factors have benefited the Sawmill industry, which has been performing strongly. Industry revenue is set to reach $11.6 billion in 2014, reflecting 12.4% annualized growth over the past five years.
Due to inadequate supply, low quality, and the uneven distribution of Chinese forest resources, demand for industry products surpasses supply. Therefore, China imports sawn timbers and sleepers to satisfy market demand.... 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 2014.
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