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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Furniture / Lumber / Sawmilling / Wood flooring / Wood Products / Wood-based panels / China / Global
July 28, 2020

Chinese wood processing companies severely impacted by slow demand abroad

Chinese wood processing companies severely impacted by slow demand abroad
  • 78% of China's wood processing companies currently are affected by the Covid-19 pandemic, while the resumption rate of wood industry companies has slowly risen to only 70% of the same period last year. However, wood product sales rate is only about 30% of the same period last year.

The Covid-19 pandemic that began at the beginning of the year has continued to spread around the world, causing all mankind to encounter an unprecedented public health crisis, and also accelerating the world economy into a painful adjustment period.

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