Industry Analysis & Industry Trends
China's urbanization rate increased from 45.7% in 2008 to over 50.0% in 2012. 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 $10.4 billion in 2013, reflecting 16.6% 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 Analysis Chapter
Sawmills in China have experienced rapid growth in the five years through 2013. Overall revenue is set to reach $10.4 billion in 2013, reflecting 16.6% annualized growth over the past five years. With the development of economy and improvements in living standards, domestic demand increased at an annualized rate of 17.2% from $5.4 billion in 2008 to an estimated $11.8 billion in 2013. 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... purchase to read more