{"id":87458,"date":"2024-04-10T07:01:02","date_gmt":"2024-04-10T07:01:02","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/china-number-of-plywood-production-companies-fell-in-2023\/"},"modified":"2025-09-19T09:01:50","modified_gmt":"2025-09-19T09:01:50","slug":"china-number-of-plywood-production-companies-fell-in-2023","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/china-number-of-plywood-production-companies-fell-in-2023\/","title":{"rendered":"China: Number of plywood production companies fell in 2023"},"content":{"rendered":"

<\/span>According to the Academy of Industry Development and Planning under the National Forestry and Grassland Administration (NFGA) and the China Forestry Products Industry Association (CFPIA), the number of enterprises in China\u2019s plywood industry continued to decline in 2023.<\/p>\n

There were more than 7,400 plywood manufacturing enterprises in 2023, down 30% year on year, however, the production capacity declined only slightly year on year and stood at 205 million cubic metres in 2023.<\/p>\n

For the first time Guangxi Zhuang Autonomous Region exceeded Shandong in plywood production capacity in 2023 and thus became the largest in terms of plywood production capacity. There were 1,430 mills in the Guangxi Zhuang Autonomous Region with a capacity of 58 million cubic metres or around 30% of the national total.<\/p>\n

Shandong Province was the second largest in terms of plywood production capacity and still had the largest number of enterprises in 2023. There were 2,180 mills with a capacity of 54 million cubic metres or 26% of the national total.<\/p>\n

At the beginning of 2024 around 1,500 plywood production plants were under construction nationwide with a total annual production capacity of about 29 million cubic metres. 24 provinces and autonomous regions had plywood production enterprises under construction except Beijing, Shanghai, Tianjin, Chongqing, Qinghai Province, Ningxia Hui Autonomous Region and the Tibet Autonomous Region.<\/p>\n

Sector analysts say the plywood industry must continuously adjust its product structure to adapt to changes in market demand and improve the quality of products and the image of the sector. It is expected that annual plywood production capacity in China will drop to 200 million cubic metres by the end of 2024.<\/p>\n

Under current market conditions the supply capacity of China's plywood industry is greater than demand. The production of plywood for furniture making, home decoration and furnishing accounts for about 35% of the market in China and supply and demand in these markets is relatively well balanced.<\/p>\n

In contrast, production capacity for concrete formwork plywood accounts for about 24% of the overall market and production capacity in this sector far exceeds current demand. The packaging plywood market was impacted by competition from Oriented Strand Board (OSB), so packaging plywood production declined and its market share was less than 22% of the national total.<\/p>\n

Blockboard production accounts for about 12% of the national panel product capacity and other products such as plywood for wood composite floor basic materials, container floors and veneer laminated wood etc. account for about 7% of the national total.<\/p>\n

Rise in plywood exports to UAE and Nigeria<\/strong><\/p>\n

China Customs data shows plywood exports to UAE and Nigeria in 2023 rose 13% and 49% to 568,000 cubic metres and 464,000 cubic metres valued at US$190 million and US$150 million respectively. In contrast, China\u2019s plywood exports to Japan in 2023 fell 20% to 545,000 cubic metres valued at US$265 million, down 33% year on year.<\/p>\n

China exports plywood to more than 200 countries and markets and the market share of the top 10 countries for China\u2019s plywood exports in 2023 accounted for just 50% of the national total.<\/p>\n

China\u2019s plywood exports totalled 10.769 million cubic metres valued at US$4.817 billion in 2023, up 1% in volume but down 14% in value over 2022.<\/p>\n

The Philippines and UK are China's two major markets for plywood but plywood exports to these two markets declined in 2023. Export volumes to the Philippines and UK fell 4% and 3% respectively. This has affected the export performance of China\u2019s plywood sector.<\/p>\n

The US is no longer the main destination for Chinese exports. China's plywood exports to the United States totalled only 284,000 cubic metres in 2023 worth US$210 million, down 33% in volume and 42% in value over 2022.<\/p>","protected":false},"excerpt":{"rendered":"

According to the Academy of Industry Development and Planning under the National Forestry and Grassland Administration (NFGA) and the China Forestry Products Industry Association (CFPIA), the number of enterprises in China\u2019s plywood industry continued to decline in 2023. 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