Industry Analysis & Industry Trends
China's increasing urbanization rate, which jumped from 45.7% in 2008 to 57.4% in 2016, 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 15.9% over the five years to 2017, reaching $19.4 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 2017, imports are estimated to increase 8.6% per year on average, totaling $8.8 billion or 31.3% of domestic demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
From 2012 to 2022, 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 sawmills in China fell behind that in 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 1,074 in 2017, reflecting annualized growth rate of 3.3% 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. Mor.. purchase to read more