Plywood Market - Wood Scarcity Does Not Disrupt China’s Global Leadership in Plywood Production

Wood-Based Panels January 28, 2016
Author: Irina Andreeva
Market Analyst

plywood market

The global plywood market showed mixed dynamics, but ultimately rose from 88 million cubic meters in 2007 to 140 million cubic meters in 2014. From 2007 to 2014, it expanded with a CAGR of 6.9%. In value terms, plywood market had total revenues of 77.6 billion USD in 2014.

China is the country with the largest production of plywood in absolute volumes (70% of global production), followed by the U.S. (7%), Indonesia (4%), Malaysia (3%) and the Russian Federation (2%). In China, a country with a long tradition in producing plywood, production levels increased by 12.3% annually from 2007 to 2014.

China has a strictly limited lumber supply, and in order to produce cheaper plywood the Chinese manufacturers have developed advanced technologies allowing them to use bamboo instead of wood. The country's bamboo sources are far more plentiful, and bamboo plywood currently gives a significant boost to Chinese forest products industry.

In 2014, Japan (15%), the U.S. (12%), Canada (6%), the UK (6%) and Germany (6%) were the leading destinations of plywood imports, together making up 44% of global imports in physical terms. The share of the U.S. illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In 2014, China was the main global supplier of plywood with a 39% share of global exports. However, the fastest growing supplier from 2007 to 2014 was the U.S. (+9.3% per year). In 2014, China exported 11% of its total plywood output. The U.S. was the major consumer of Chinese plywood.

Do you want to know more about the global plywood market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • plywood market share
  • plywood prices
  • plywood industry
  • plywood sales
  • plywood market forecast
  • plywood price forecast
  • key plywood producers

Source: World: Plywood - Market Report. Analysis and Forecast to 2020