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March 4, 2020

Chinese timber market faces severe structural market demand shrinkage in 2020

Chinese timber market faces severe structural market demand shrinkage in 2020
  • The Chinese timber market, which was forced to extend holidays due to the coronavirus outbreak, officially resumed work and production last week. According to conservative estimates by industry insiders, by February 29, it is expected that the rate of resumption of production and operation of wood and wood product manufacturing Chinese enterprises has reached more than 70%.

However, Chinese timber operators seem to be more concerned about the trend of the timber market after the epidemic. According to GWMI conversations with industry insiders, although the new coronavirus had a relatively small direct impact on the Chinese timber industry compared to the transportation, tourism, retail, accommodation and catering industries, the delay in timber production and operations due to epidemic control measures has still affected activities.

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