Page 44 - FDMASIA JanFeb 2024

42 FoCUs Jan/Feb 2024 FDM AsiA | www.fdmasia.com

important wood production base in the country. The signing nine percent.
of this agreement is an example illustrating that China can The US remained the largest market for China’s wooden
establish forest projects to promote the sustainable development furniture exports in the frst 10 months of 2023 but the value
of the industry and address climate change. of exports to the US were US$5.64 billion, down fve percent
year-on-year, accounting for 29 percent of the national total.
Plywood exports to the Middle East and Africa increase China exported wooden furniture to more than 200 countries

According to China Customs in the frst eight months of 2023 in the frst 10 months of 2023 and the value of wooden
plywood exports were 6.983 million cubic metres valued at furniture exports to the top 5 markets accounted for just 53
US$3.193 billion, a year-on-year decrease of four percent in percent of the national total.
volume and 19 percent in value. China’s wooden furniture exports to UK, alone, rose among
China’s plywood exports to the Philippines and UK, as the top destination countries. However, China’s wooden furniture
the frst and second destinations, fell 11 percent and eight exports to the US, Australia, Japan and South Korea fell fve
percent respectively in the frst eight months of 2023. percent, 16 percent, 13 percent and fve percent respectively
China’s plywood exports to the Middle East and Africa in the frst 10 months of 2023 resulting in the overall decline
increased. China’s plywood exports to Nigeria surged 88 percent in wooden furniture exports.

from the same period of 2022. China’s plywood exports to China’s wood furniture exports to Italy just amounted to
UAE, Saudi Arabia and Israel rose 12 percent, three percent US$132 million but rose 22 percent in the frst 10 months
and 28 percent respectively in the frst eight months of 2023. of 2023.

Surge in tropical plywood exports to the Philippines Wooden furniture imports
According to China Customs, tropical plywood exports amounted China’s wooden furniture imports amounted to US$637 million
to 383,000 cubic metres valued at US$161 million in the frst in the frst 10 months of 2023, a year-on-year decline 15

8 months of 2023, a year-on-year decrease of fve percent in percent. Italy was the largest supplier of wooden furniture
volume and 17 percent in value from the same period of 2022. imports in the frst 10 months of 2023 and they were worth
Tropical plywood exports to the Philippines, as the largest US$286 million, down 16 percent year-on-year and accounting
destination country, surged 64 percent year-on-year to 78,000 for 45 percent of the national total.
cubic metres. China imported wooden furniture from more than 80
At the same time, China’s tropical plywood exports suppliers worldwide and the value of China’s wooden furniture
to Mexico and South Korea also rose 47 percent and 34 imports from the top eight suppliers accounted for 83 percent
percent respectively. China’s tropical plywood exports to other of the national total.
destination countries and regions fell at different rates in the China’s wooden furniture imports from Sweden, alone, rose

frst eight months of 2023. among the top suppliers. However, China’s wooden furniture
imports from the other top suppliers fell at different rates in
Decline in both wood furniture exports and imports the frst 10 months of 2023 resulting in the decrease of the
According to China Customs, wooden furniture exports and national total wood furniture imports.
imports fell in the frst 10 months of 2023. China’s wood furniture imports from USA in the frst 10
China’s wooden furniture exports in the frst 10 months months of 2023 amounted to US$3.76 million, a year-on-year
of 2023 were worth US$19.35 billion, a year-on-year decline decrease of 40 percent.