According to China Customs, in the first half of 2023 China’s plywood exports were 5.13 million cubic meters valued at US$2.368 billion, down 9% and 20% respectively over the same period of 2022. The main reason for the decline in plywood exports was that both the number and production capacity of China’s plywood industry had declined. There were more than 10,800 enterprises (down 14% year on year) manufacturing plywood products in China at the end of 2022 with the total production capacity of 208 million cubic meters per year, down 6.3% over ...