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34    FOCUS                                                                        JAN/FEB 2025 FDM ASIA | www.fdmasia.com






         rawpixel.com                                        Surge in plywood imports from Russia
                                                             According to China Customs, plywood imports from Russia,
                                                             the largest supplier, surged nearly 260 percent between January
                                                             and October 2024.

                                                                The  value  of  plywood  imports  from  Russia  also  rose  32
                                                             percent to USUS$148 million over the same period of 2023.
                                                                94 percent of China’s plywood were imported from Russia
                                                             between January to October 2024 and China's plywood
                                                             imports from Russia have risen sharply leading to an overall
                                                             rise in total plywood imports.
                                                                China’s plywood imports totalled 735,000 cubic metres,
                                                             surging over 700 percent between January and October 2024.
          imports from Canada rose 26 percent to 1.02 million, sawnwood   Plywood imports from Vietnam and Sweden surged nearly

          imports from Canada grew one percent to 1.11 million cubic   4,700 percent and 350 percent respectively between January
          metres between January and October 2024.           and October 2024. China’s plywood imports from Indonesia
            China’s plywood imports from Canada surged 556 percent   also rose 30 percent largely.
          to 577 cubic metres over the same period of 2023. China’s
          particle board imports from Canada soared 53 percent to 102   Rise in plywood exports
          tonnes over the same period of 2023.               According to China Customs, plywood exports totalled
            In contrast, China’s fibreboard imports from Canada dropped   10.776 million cubic metres, up 23 percent between January

          98 percent sharply just to 0.8 tonnes between January and   and  October  2024.  The  biggest  increase  was  in  plywood
          October 2024 and China’s furniture imports from Canada   exports to Taiwan up nearly 170 percent over the same
          plummeted 66 percent to USUS$102,000 between January   period of 2023.
          to October 2024.                                      China’s plywood exports to the Philippines, the top market
                                                             destination, rose three percent to 815,000 cubic metres. In
          Exports                                            contrast, China’s plywood exports to Japan and Nigeria
          China's exports of wood products to Canada expanded   decreased three percent and 11 percent respectively between
          between January and October 2024. China’s plywood exports   January and October 2024.
          to Canada rose 26 percent to 312,000 cubic metres over the

          same period of 2023.                               Plywood exports pivot to Asian countries
            China’s particleboard exports from Canada grew nine   The US was the main international market for China’s
          percent to 2,900 tonnes over the same period of 2023 and   plywood in the past. Since the US imposed tariffs on
          China’s fibreboard exports to Canada increased 26 percent   Chinese plywood export-oriented plywood enterprises have
          to 97,800 tonnes between January to October 2024.   diversified marketing.
            China’s furniture exports to Canada rose 10 percent to   According to China Customs, between January and October
          USUS$690 million between January and October 2024. In   2024, 50 percent of China’s plywood was exported to Asia

          contrast, China’s sawnwood exports to Canada fell 33 percent   a year-on-year increase of  19  percent to 4.99  million cubic
          to 1,041 cubic metres over the same period of 2023.   metres. Asia was the second largest plywood export market.
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