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Kunimasa KAWABE technologies, promote home improvement and encourage
enterprises to create online model rooms, provide affordable
products and services and meet diversified consumer needs.
It has been reported that the effect of the ‘old for new’

policy started in May 2024 came to coincide with the May
Day holiday and traditional peak purchasing season. It was
found that consumption of building materials and home
furnishing was stimulated.

Analysis of the wood flooring industry
The output, consumption and export volume of China's wood
In contrast, fibreboard imports from all top destination flooring are ranked first globally. Wood flooring is an important
countries rose with imports from Belgium, Spain, Russia, end product and value-added product.

Switzerland and Netherlands rising sharply. However, China's wood flooring production has been
In the first quarter of 2024 China’s fibreboard imports in decline in recent years. After the peak in 2019 most
grew nine percent to 92,000 tonnes due to surge in imports enterprises have suffered a profits decline and the industrial
from most countries compared to the same period in 2023. prospects are grim.

Equipment upgrades and trade-ins Tough times for laminate and solid wood flooring
The Chinese government recently took action to facilitate manufacturers

economic transformation and improve people's livelihoods. The development of China’s wood flooring industry is basically
The campaign is market-oriented and government-guided stable.
and includes four major areas: equipment renewals, trade- According to statistics from China National Forest Product
ins of consumer goods, recycling of used goods and the Industry Association (CNFPIA) the total sales of wood flooring
harmonisation of standards. by enterprises with an annual income of RMB20 million or
The priority is equipment upgrades in promising industries more in 2023 was about 322 million square metres, down
in order to accelerate the elimination of outdated or inefficient about nine percent year-on-year.
equipment with high energy consumption, high emissions Of total sales, laminate wood flooring sales were 142
or hidden safety risks. A focus will be on accelerating the million square metres, accounting for 44 percent of the national

development of recycling systems and development of total. Sales of solid wood composite flooring amounted to
enterprises engaged in the processing and utilisation of 120 million square metres, accounting for 37 percent, sales of
renewable resources. solid wood flooring was 30 million square metres, accounting
The scheme for trade-ins of household consumer goods is for nine percent, the sales of bamboo flooring came to 25
aimed at supporting residents to carry out interior renovations million square metres, accounting for eight percent and sales
for kitchens and bathrooms through various ways with of other flooring amounted to five million square metres,
government support and enterprise discounts. accounting for two percent of the national total.

The aim is to promote old home transformation and China's wood flooring industry showed a steady development
actively cultivate consumption of items such as smart home trend from 2010 to 2023 and the volume sales of wood floors