The rapid growth of Chinese economy vigorously promotes the demand on Chinese plywood market. The labor cost advantage is also one of the major advantages of Chinese plywood industry.
Nowadays, China is not only a large plywood producer but also a large plywood exporter. In 2008, the market scale of Chinese plywood industry was about RMB 149 billion (USD 21.848 billion), rising by 40% YOY.
Since 2008H2, Chinese plywood industry is also impacted by the global financial crisis. In 2008, the export of Chinese plywood saw decline. The total export volume of Chinese plywood totaled 7.1842 million m3 with a YOY decline of 17.57%. USA is the major export country of Chinese plywood. In 2007, the export volume of Chinese plywood to USA reached 1.9973 million m3, taking up 23% of the total export volume. Since 2009H2, the demand on Chinese plywood market is recovered to some extent. Chinese board market ushers in a period of smooth development.
