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Latest Wood Market News from China
The value of China's furniture industry in 1978 was just 1.3 billion yuan but by 2000 and after more than 20 years of development it had reached 120 billion yuan. By 2001 the output value had risen to 140 billion representing an average annual growth rate of 15 per cent since 1978.
During the same period the number of furniture enterprises grew to some 50 000. According to statistics from China's Customs, furniture exports ( including non-timber furniture ) totaled US$ 2.707 billion in 1999, US$ 3.565 billion in 2000 and reached US$ 3.958 billion in 2001. For the first half of 2002 exports amounted to US$2.622 billion. Analysts are confident that furniture exports will continue to grow throughout the second half of 2002 and probably at an advanced rate and total exports will likely exceed US$5 billion.
The development goals of the furniture industry, as set out by China's Furniture
Association, are as follows:
China's National Furniture Association considers that the value of China's furniture production can reach about 170 billion yuan by 2005 and 300 billion yuan or so by 2015 at average annual growth rate of 12%?15%.Also the Association forecasts a stable growth in exports which may reach US$ 6 billion by 2005 and exceed US$ 10 billion by 2015.
To achieve these ambitious targets analysts consider that China's furniture industry should develop in the following ways:
First, there is a need to optimize the structure of export products and increase the
production of value-added furniture. This will involve increasing the proportion of panel,
metal and high-grade furniture and changing from a focus on exporting solid, low-grade
The National Furniture Association aims to further benefit from the international market and to achieve this the sector will aim to win greater market share by competitive pricing. To do this the Association has identified that Chinese manufacturers will need to produce products of excellent quality and at reasonable prices. Additionally they will need to expand market share in the developing countries as well make greater efforts to improve the quality of products and market share in the medium and high class furniture sectors in the developed countries, especially the US.
Zhangjiagang Port Timber Handling Grows
Timber imports through Zhangjiagang Port continued to grow in the first half of 2002. According to Customs, 603 batches of timber had been declared and inspected with a total volume of 1.24 million cubic metres and a value of US$ 155 million. 402 batches were logs (1.1715 million cubic metres Ranked by volume the main sources of imported timber were Gabon, Papua New Guinea, Malaysia, New Zealand and Indonesia.
The volume of container shipments have increased sharply and are up over 400%
year-on-year and sawnwood imports were up by a factor of 10 at 46,685 cubic metres nearly
10 times that of the same period last year. It was noticed that of the imported timber a
greater number of species were imported but there were more smaller batches. Most imports
were of tropical hardwood species with fewer types of softwood (mainly from New Zealand
For information on China's forestry try:
Wholesale Prices, Indonesian and Malaysian
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