Plywood
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China: Rising plywood exports to key markets, prices falling
China’s plywood export destinations are diverse, with the top 12 markets accounting for 57% of the total national plywood exports in the first half of 2024. China’s plywood exports to most of these markets have been rising, with each of the top 12 destinations importing over 200,000 cubic meters during this period. Rising exports to key markets Among the top markets, the Philippines, UK, and Saudi Arabia followed Taiwan P.o.C. in the ranking for the first half of 2024. Notably, exports to these three nations grew by 10%, 11%, and 36%, respectively, contributing significantly to the overall growth in China’s plywood exports. Furthermore, exports to Vietnam, Iraq, and Malaysia showed sharp increases of 94%, 96%, and 70%, respectively. However, China’s plywood exports to Japan and Nigeria saw declines, with Japan’s volume dropping 3% and Nigeria’s decreasing by 28%. In... Continue reading
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August 13, 2024
The global plywood market is projected to reach $154 billion by 2031
The global plywood market size was $85 billion in 2022 and is likely to surpass $154 billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023–2031. Numerous beneficial qualities of plywood and the rising usage of furniture are expected to boost the market. ... Continue reading
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September 16, 2024
India’s Century Plyboards plans to expand plywood production capacity by 30%
Indian wood products maker Century Plyboards plans to expand its plywood production capacity by around 30 percent over the next 12-15 months, with a capital expenditure of... Continue reading
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August 13, 2024
The global plywood market is projected to reach $154 billion by 2031
The global plywood market size was $85 billion in 2022 and is likely to surpass $154 billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023–2031. Numerous beneficial qualities of plywood and the rising usage of furniture are expected to boost the market. ... Continue reading
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September 17, 2024
China: Rising plywood exports to key markets, prices falling
China’s plywood export destinations are diverse, with the top 12 markets accounting for 57% of the total national plywood exports in the first half of 2024. China’s plywood exports to most of these markets have been rising, with each of the top 12 destinations importing over 200,000 cubic meters during this period. Rising exports to key markets Among the top markets, the Philippines, UK, and Saudi Arabia followed Taiwan P.o.C. in the ranking for the first half of 2024. Notably, exports to these three nations grew by 10%, 11%, and 36%, respectively, contributing significantly to the overall growth in China’s plywood exports. Furthermore, exports to Vietnam, Iraq, and Malaysia showed sharp increases of 94%, 96%, and 70%, respectively. However, China’s plywood exports to Japan and Nigeria saw declines, with Japan’s volume dropping 3% and Nigeria’s decreasing by 28%. In... Continue reading
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August 13, 2024
The global plywood market is projected to reach $154 billion by 2031
The global plywood market size was $85 billion in 2022 and is likely to surpass $154 billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023–2031. Numerous beneficial qualities of plywood and the rising usage of furniture are expected to boost the market. ... Continue reading
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September 28, 2017
Japan’s Daiken to acquire Dongwha New Zealand
Japanese building materials giant Daiken Corp. will acquire Dongwha New Zealand at the end of December. The company announced on the 26th of September that the size of the deal has not been announced, but is estimated at 10 Bn yen (US$89.7 Mn). Both companies manufacture MDF. Daiken currently has factories in New Zealand and Malaysia and is hoping to expand the business through Dongwha's sales networks in Oceania and North America. Through its local subsidiary, Daiken will acquire all of Dongwha's shares from the Hong Kong-based parent company and other minority stockholders. Dongwha's sales were NZD91.59 Mn (US$67 Mn) for the fiscal year ending December. Although plywood is more commonly used in Japan, Daiken is trying to promote MDF, which is highly durable. "This is just a first step toward expanding MDF operations," said Masanori Okuda, president of Daiken. "We will... Continue reading
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September 17, 2024
China: Rising plywood exports to key markets, prices falling
China’s plywood export destinations are diverse, with the top 12 markets accounting for 57% of the total national plywood exports in the first half of 2024. China’s plywood exports to most of these markets have been rising, with each of the top 12 destinations importing over 200,000 cubic meters during this period. Rising exports to key markets Among the top markets, the Philippines, UK, and Saudi Arabia followed Taiwan P.o.C. in the ranking for the first half of 2024. Notably, exports to these three nations grew by 10%, 11%, and 36%, respectively, contributing significantly to the overall growth in China’s plywood exports. Furthermore, exports to Vietnam, Iraq, and Malaysia showed sharp increases of 94%, 96%, and 70%, respectively. However, China’s plywood exports to Japan and Nigeria saw declines, with Japan’s volume dropping 3% and Nigeria’s decreasing by 28%. In... Continue reading