According to China Customs data, in 2021, the export volume of plywood will reach 12.35 million cubic meters, valued at 5.896 billion US dollars, a year-on-year increase of 19% and a year-on-year increase of 40% in value. This data also reaches a record high in historical exports.
Since 2012, China's plywood exports have exceeded 10 million cubic meters.
Output in China's plywood industry has also been rising since 2012, only to drop at the end of 2019 due to the outbreak.
my country's plywood exports account for about 5% of the output, and the output in 2020 will increase by 9% to 215 million cubic meters. Plywood produced in China is mainly used domestically.
The Philippines is the largest market for Chinese plywood exports in 2021, accounting for 9% of the national total. China's plywood export market is very diverse, and the export volume of the top 10 destination countries in 2021 will only account for 50% of the national total.
Plywood exports to Vietnam fell 20% to 560,000 cubic meters in 2021, the only country to experience a decline. The main reason is the increase in domestic plywood production in Vietnam, and the reduction in production capacity of factories using plywood production due to the impact of the epidemic.
