Fiberboard is a wood-based board made of wood fiber or other plant fiber as raw material and applied with urea-formaldehyde resin or other suitable adhesives, and has a wide range of uses. In terms of classification, it can be divided into soft fiberboard, medium density fiberboard and hard fiberboard according to its product density; according to the slab forming process, it can be divided into wet fiberboard, dry fiberboard and oriented fiberboard; according to the post-processing method, it can be divided into For ordinary fiberboard, oil-treated fiberboard.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
Among them, soft fiberboard is light in weight, large in porosity, has good heat insulation and sound absorption, and can be obtained by special treatment to obtain light fiberboard with more pores, which has adsorption properties and can be used for air purification, so it is mostly used for public Covering material inside buildings.
The medium density fiberboard has a uniform structure, moderate density and strength, and good reworkability. The product has a wide range of thickness and is widely used in furniture, building materials and interior decoration, and it accounts for about 89.42% of the total output of fiberboard.
The thickness range of hard fiberboard products is small, between 3 and 8 mm; the strength is high, and the hard fiberboard with a thickness of 3 to 4 mm can be used instead of 9 to 12 mm thin sawn timber, which is mostly used in construction, ships, vehicles, etc. .
1. Industry supply
my country's fiberboard production started in the 1970s. From 2008 to 2011, the domestic fiberboard industry entered a period of rapid growth with the gradual maturity of production technology and the strong downstream market demand, with a compound growth rate of 24.14%. At present, my country is already the world's largest producer of fiberboard.
According to the Development Trend Analysis and Investment Prospect Forecast Report of China's Fiberboard Industry (2022-2029), my country's fiberboard industry has now experienced a period of rapid growth, and the industry has entered the stage of supply-side structural reform, and the pace of eliminating backward production capacity is accelerating. . By the end of 2016, nearly 470 fiberboard production lines had been closed, dismantled or discontinued nationwide, and about 18 million cubic meters of outdated production capacity had been eliminated; by the end of 2021, a total of 814 fiberboard production lines had been closed, dismantled or discontinued, and 37.72 million outdated production capacities had been eliminated. cubic meters per year.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
With the continuous advancement of the supply-side structural reform of the industry, the elimination of outdated production capacity has accelerated, and the overall output of fiberboard has also shown a downward trend. In 2016, my country's fiberboard output was still 66.51 million cubic meters, and it has declined for three consecutive years since then. In 2018, my country's fiberboard output fell to 61.68 million cubic meters, a year-on-year decrease of 2.05%. Although its output has also rebounded in the past three years, in 2020, my country's fiberboard output is about 62.26 million cubic meters, a slight increase of 0.44% year-on-year, but overall, its output is still lower than the output in 2016.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
From 2018 to 2021, my country's fiberboard output shows a gradual upward trend. Analyzing the reasons, on the one hand, it is because the supply-side structural reform of the industry has achieved results, and the pressure to reduce production capacity and destocking has decreased; Come higher.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
The adjustment of the industrial structure has been accelerated, the outdated equipment has been gradually eliminated, and the production of fiberboard has shown a scale effect. It can be seen that although the number of fiberboard production lines in my country is gradually decreasing, the average production scale of a single line has increased significantly. Therefore, in the past three years, under the background that the supply-side structural reform of my country's fiberboard industry has achieved certain results, the industry output has begun to show a slight recovery.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
It is reported that at the beginning of 2022, there are 8 fiberboard production lines under construction nationwide. Among the fiberboard production lines under construction, the largest single-line production capacity reaches 600,000 cubic meters per year, with a total production capacity of about 1.93 million cubic meters per year. Therefore, it is expected that the average production capacity of my country's fiberboard single line will continue to increase in the next few years, and the output will continue to rise slowly.
2. Industry needs
From the perspective of demand, in the past six years, with the increase in the consumption of plywood, particleboard and other substitutes in my country, the consumption of fiberboard in my country has shown a downward trend as a whole. In 2016, my country's fiberboard consumption was about 61.79 million cubic meters; in 2017, it increased to 63.98 million cubic meters; in the following two years, it dropped to 60.06 million cubic meters and 5866 cubic meters respectively; by 2020, it will rise slightly to 60.86 million cubic meters cubic meters, but overall it is still lower than the consumption in 2016 and 2017.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
In terms of growth rate, from 2008 to 2017, domestic fiberboard was affected by the domestic real estate, furniture building materials, interior decoration industries and other downstream industries, and the demand was strong, and the average annual growth rate of consumption was about 10.0%. However, in 2018, the completed area of houses and furniture production in my country decreased, and the consumption of fiberboard also decreased, and the year-on-year growth rate of consumption dropped to -6.1%. After 2018, with the improvement of the domestic fiberboard consumption market, the growth rate of fiberboard consumption slowly picked up.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
Fiberboard is made of wood fiber or other plant fibers, so its environmental protection advantages are obvious, and fiberboard also has the advantages of uniform material, good processing operation, low vertical and horizontal strength, and not easy to crack. It can also greatly increase the functionality of the fiberboard, and the use of the fiberboard will also increase. With the development of my country's economy, the acceleration of urbanization, the improvement of residents' consumption level, and the improvement of environmental protection awareness, my country's fiberboard consumption has rebounded in the past three years. It is expected that my country's fiberboard consumption will continue to grow slowly in the future.
As far as wood-based panels are concerned, the competition among fiberboard, plywood, and particleboard is relatively fierce. Therefore, in the future, enterprises in my country's fiberboard industry need to give full play to the advantages of economies of scale, high utilization of raw materials, and product quality, while seeking differentiated product strategies. Moisture-proof board, milling board, low-formaldehyde board and other subdivisions make efforts to win the market, increase the overall consumption of the market, and promote the healthy and healthy development of the industry.
3. Balance of supply and demand
From the perspective of the balance of supply and demand, according to the above analysis of supply and demand, it can be seen that my country's fiberboard industry is still in a situation of oversupply. Although in 2017 my country's fiberboard production and sales rate was greater than 1 and the situation that supply exceeded demand was changed, but in the following two years, with the recovery of domestic fiberboard production and the decline in consumption, its production and sales rate declined, and the market returned to the situation of oversupply. By 2020, the production and sales rate of fiberboard in my country will be about 97.19%, which is still less than 1.
On the whole, the production and sales rate of my country's fiberboard in 2020 has been improved to a certain extent compared with that in 2016, which is mainly due to the supply-side structural adjustment of my country's fiberboard industry in recent years.
The supply-side reform is accelerated, and the supply and demand of my country's fiberboard industry is gradually balanced
At present, the supply-side structural reform of my country's fiberboard industry is still continuing. In the future, with the elimination of backward production capacity in my country's fiberboard industry, the growth of consumption and the recovery of export volume, the market supply and demand will gradually become more balanced.
Since the 2020 epidemic, global timber freight rates have soared, and timber prices have risen. my country's epidemic situation is under control, and the economy is the first to recover. In 2021, my country's fiberboard export volume will reach 2.26 million tons, a year-on-year increase of 49%, ending the four consecutive declines from 2017 to 2020. It is expected that my country's fiberboard export market will gradually recover in the future. It will help to consume the existing inventory of my country's fiberboard and promote the balance of supply and demand in my country's fiberboard industry.