US Dollar Exchange Rates of
25th
Sep
2023
China Yuan 7.30
Report from China
First half
year decline in plywood exports
According to China Customs, in the first half of 2023
China’s plywood exports were 5.13 million cubic metres
valued at US$2.368 billion, down 9% and 20%
respectively over the same period of 2022. The main
reason for the decline in plywood exports was that both
the number and production capacity of China’s plywood
industry had declined.
There were more than 10,800 enterprises (down 14% year
on year) manufacturing plywood products in China at the
end of 2022 with the total production capacity of 208
million cubic metres per year, down 6.3% over 2021 level.
The markets for China’s plywood exports are varied but
50% of national exports go to just 10 countries. the
Philippines and UK are top two markets for China’s
plywood but in the first half of 2023 plywood exports to
these two markets flll (Philippines, -7% and UK -18%)
and this affected the overall sector export performance.
The US is no longer the main destination for China’s
plywood exports due to the on-going trade friction. In the
first half of 2023, China’s plywood exports to the US
totalled just 143,000 cubic metres valued at US$103
million, down 39% and 51% respectively over the same
period of 2022.
However, an increasing trend has been observed in exports
of plywood exports to Middle East countries and African
countries. China’s plywood exports to UAE and Israel rose
11% and 15% in the first half of 2023.
Nigeria became the third largest market for China’s
plywood exports in the first half of 2023. China’s plywood
exports to Nigeria surged 72% to 291,000 cubic metres
valued at US$95 million, up 47% in value from the same
period of 2023.
Decline in CIF prices for plywood exports
In the first half of 2023 CIF prices for China’s plywood
exports declined compared to the same period in 2022.
The lowest CIF price was seen in plywood exports to both
the UK and Saudi Arabia, each dropping 8% and the price
of China’s plywood exports to the US fell 19% year on
year.
Decline in wooden furniture exports except to Thailand
According to China Customs, in the first half of 2023 the
value of China's wooden furniture exports was US$11.5
billion, down 12% over the same period of 2022.
However, China’s wooden furniture exports to Thailand
alone rose 18% to US$210 million over the same period of
2022. Wooden furniture exported to Thailand was largely
made from sawn rubberwood imported from Thailand.
China imported more than 2 million cubic metres of sawn
rubberwood from Thailand in the first half of 2023, up 3%
over the same period of 2022.
China’s wooden furniture is exported to more than 200
countries and furniture destination are scattered. The
proportion of China’s wood furniture exports to top 10
destination countries accounted for nearly 70% of the
national total.
The US is still the largest market for China’s wooden
furniture exports and around 30% of the national total
wooden furniture exports go to the US.China’s wooden
furniture exports to the US fell 14% to US$3.322 billion in
the first half of 2023 which directly impacted the overall
export performance.
In the first half of 2023 the decrease in China’s wooden
furniture exports was also impacted by the reduction of the
financial health of furniture manufacturing enterprises. It
has been reported that in the first half of 2023 the
operating income of furniture manufacturing enterprises
(with annual main business income of more than RMB20
million) was RMB289.82 billion, down 10% over the
same period of 2022. The total profit was RMB13.2
billion, down 2%.
See:https://wap.miit.gov.cn/threestrategy/zlsj/tjsj/art/2023/art_5ca43d0843234a52a63af0b8afe83307.html)
Rise of the forest industries in Heze City
Heze City in Shandong Province is one of the important
forest product production and processing bases in China.
Wood processing is the most advantageous industry of
forestry in Heze City. At the end of 2022 there were 3,560
wood processing enterprises in the city employing more
than 1.05 million employees. The annual wood processing
volume reaches 27 million cubic metres, the total output
value was RMB114.1 billion and wood products were
exported to more than 100 countries and regions.
Five large-scale wood processing zones have been built in
Heze City forming a wood panel and products industry
cluster, wood crafts industry cluster and a panel processing
cluster.
At present, there are 3 national key forestry enterprises,
252 wood processing enterprises with a business income
of more than RMB100 in Heze City.
Jiangsu-Canada Green and Low-carbon Development
Seminar
Jiangsu Provincial Housing and Urban-Rural Development
Departmen, jointly with the Foreign Affairs Office of
Jiangsu Provincial Government and the Forestry
Innovation Investment Agency of British Columbia,
Canada recently held the "Third Jiangsu-Canada Green
and Low-carbon Development Seminar" in Vancouver
with aim to strengthen international exchange and
cooperation, enhance the scientific and technological
competitiveness and market share of Jiangsu green and
low-carbon building enterprises and promote the green and
low-carbon transformation of urban and rural construction.
Both Jiangsu and British Columbia are promoters and
practitioners of green urban and rural development. The
common vision of tackling climate change and building a
better home has enabled the people of the two provinces to
build consensus and achieve win-win results.
The two sides reached consensus on cooperation in
deepening inter-governmental cooperation, promoting
technological exchanges among enterprises, and
promoting the integrated development of industry,
university, research and application as well as project
construction. Bilateral talks were held on deepening
cooperation on green and low-carbon buildings, and the
two sides agreed to explore new highlights of cooperation
on modern wood building technologies, standards and
demonstration projects.
Jiangsu Wuxi Urban Construction Development Group
and the Canadian Wood Industry Association signed a
memorandum of understanding on strategic cooperation
and the two parties will cooperate in scientific and
technological innovation and low-carbon building design,
product production and construction industry chain.
See:
http://jsszfhcxjst.jiangsu.gov.cn/art/2023/9/19/art_47414_11019603.html
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