| The rapid growth of Chinese economy vigorously | | | | years, with the constant upgrading of the domestic |
| promotes the demand on Chinese plywood market. | | | | technology level, the cost performance of Chinese |
| The wood from fast-growing and high-yield | | | | plywood is also increasing. Chinese plywood begins to |
| plantations in North China, East China, the middle and | | | | enter high-end markets such as Europe, USA and |
| lower reaches of Yangtze River pours into the | | | | Japan with large quantities. It also occupies gradually |
| market. Moreover, the foreign high-quality broad-leaf | | | | the market shares of Indonesia and Malaysia, etc. In |
| wood enters China continuously, providing plenty of | | | | 2008, the market scale of Chinese plywood industry |
| raw materials for Chinese plywood industry to | | | | was about RMB 149 billion (USD 21.848 billion), rising |
| develop continuously. The labor cost advantage is | | | | by 40% YOY. |
| also one of the major advantages of Chinese | | | | Since 2008H2, Chinese plywood industry is also |
| plywood industry. In 2008, the production of Chinese | | | | impacted by the global financial crisis. In 2008, the |
| artificial board reached 94.0995 million m3, rising by | | | | export of Chinese plywood saw decline. The total |
| 6.46% YOY; the growth rate was reduced | | | | export volume of Chinese plywood totaled 7.1842 |
| compared with that of 2007. Among that, the | | | | million m3 with a YOY decline of 17.57%. The decline |
| production of plywood was 35.4086 million m3, | | | | majorly comes from the export reduction to Europe |
| declining by 0.58% YOY and taking up 37.63% of the | | | | and USA. The import volume of Chinese plywood |
| total artificial board production. | | | | continued to drop with the import volume of 293,900 |
| Nowadays, China is not only a large plywood | | | | m3 in 2008, falling by 3.34% YOY. |
| producer but also a large plywood exporter. In recent | | | | |