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 SWOT Analysis Chapter
From 2011 to 2021, the annualized growth rate of value added for the Sawmill industry is estimated at 11.4%, much higher than that of Chinese GDP during the same period (6.5%).
Currently, the output rate of Chinese sawmills is 63.0%, lagging behind the 70.0% of developed countries. Leading enterprises in this industry will introduce new technology and facilities to reduce production costs and maximize output.
The number of enterprises in this industry is estimated to total 1,051 in 2016, reflecting annualized growth rate of 4.0% in past five years. Since 2009, enterprise growth has slowed appreciably because of intensifying competition within the industry. More timber manufacturers produce timber of new specifications to exploit new markets overseas... purchase to read more