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Daily News / Market Analysis / Wood Industry Prices / Price analysis and info / Statistics / Wood-based panels / China / Global
April 6, 2016

China: Plywood exports drop 8% in 2015; prices rise

China: Plywood exports drop 8% in 2015; prices rise

China’s plywood exports totaled 10.77 million cubic metres in 2015 valued at USD5.5 billion, a year on year decline of 8% in volume and 5% in value.

Chinese plywood exporters shipped to multiple markets in 2105. The main markets in terms of value were the USA (17%), UAE (6.8%), UK (6.7%), Japan (6.2%), South Korea (6.1%), Philippine (5.6%) and Saudi Arabia (4.6%).

Top 10 destination countries of plywood exports

Volume m3 Change in % 2014-2015
USA 1,830,000 9%
UAE 730,000 5%
UK 720,000 1%
Japan 670,000 -19%
South Korea 660,000 -7%
Philippines 600,000 -11%
Saudi Arabia 490,000 -18%
Taiwan P.O.C. 290,000 -11%
Vietnam 280,000 5%
Thailand 280,000 -11%

Data source: China Customs

The value of plywood exports to the top 10 markets accounted for 61% of all 2015 plywood exports.

The 2015 average price for plywood exported to developed countries was higher than to less developed countries because of quality and end-use differences. In 2015 the average price of plywood shipped to the UAE, Philippines and Saudi Arabia rose 19%, 3% and 7% respectively but average prices for the US, Japanese and South Korean markets declined in 2015.

Average plywood prices to top 10 markets

Average price US$/m3 Change in % 2014-2015
USA 753 -1%
UAE 435 19%
UK 494 1%
Japan 465 -7%
South Korea 381 -2%
Philippines 443 3%
Saudi Arabia 331 7%
Taiwan P.O.C. 366 -3%
Vietnam 433 0%
Thailand 357 -5%

Data source: China Customs

The main exit points for plywood exports in 2015 were Nanjing and Qingdao ports which accounted for 40% and 36% respectively of the national total.

Plywood exports through Tianjin ports plummeted 47% but the average price of shipments surged 64%.

The average price for plywood exports through Shanghai and Nanjing ports rose 6% and 2% respectively but the average prices through the rest of the ports declined on varying degree.

 

 

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