US Dollar Exchange Rates of
25th
September
2025
China Yuan 7.10
Report from China
Viet Nam’s anti-dumping duties on Chinese fibreboard
had little impact
Recently, the Ministry of Industry and Trade in Viet Nam
issued Decision No. 2491/QD-BCT announcing the
imposition of provisional anti-dumping duties on certain
fibreboard products originating from China with the duty
rate range set at 2.59% to 39.88%.
The Vietnamese Ministry pointed out in its initial
investigation that fibreboard products from China were
being dumped and posed a significant and substantial
threat of damage to the domestic fibreboard industry in
Viet Nam. However, the anti-dumping duty had little
impact as import volumes in the first half of 2025
increased by more than 52% compared with the same
period a year earlier.
The Ministry of Industry and Trade of Viet Nam is
considering an additional rate increase to curb the rapid
increase of dumped fibreboard. The ministry emphasised
that the any increase will be temporary and it will continue
to communicate with all stakeholders to collect and verify
information before making a final decision.
See:https://www.wood365.cn/Industry/IndustryInfo_283019.html
Decline in wooden furniture exports to US
The US was the largest market for China’s wooden
furniture exports in the first half of 2025. Around 25% of
China’s wooden furniture is exported to the US. In the first
half of 2025 the value of China’s wooden furniture exports
to the US fell 18% to US$2.857 billion year on year. This
was the main reason for the decrease in the total value of
China’s wooden furniture exports in the first half of 2025.
According to China Customs, the value of China’s wooden
furniture exports dropped 9% to US$11.263 billion in the
first half of 2025.
China’s wooden furniture is exported to over 200
countries. The proportion of China’s wooden furniture
exports to the top 10 destination countries was 65% in the
first half of 2025.
The value of China’s wooden furniture exports to
Australia and South Korea declined 11% and 35%
respectively in the first half of 2025. In contrast, in the
first half of 2025 China’s wooden furniture exports to the
UK and Malaysia rose 7% and 21% respectively over the
same period of 2024.
Decline in wooden furniture imports
According to China Customs, in the first half of 2025 the
value of China’s wooden furniture imports fell 8% to
US$295 million over the same period of 2024.
Italy and Germany were the main supppliers but the value
of China’s wooden furniture imports from the two
countries dropped 15% and 4% respectively and accounted
for 60% of the national total. The drop directly resulted in
the decrease of the national total.
In addition, China’s wooden furniture imports from Viet
Nam, France and Indonesia fell 32%, 10% and 13%
respectively in the first half of 2025.
In contrast, helped by the China-Europe Freight train
China’s wooden furniture imports from Poland, Thailand,
Slovakia and Romania grew 24%, 13%, 63%, 25%
respectively in the first half of 2025 .
Drop in bamboo furniture exports to the US
According to China Customs, in the first half of 2025 the
value of China’s bamboo furniture exports to the US
dropped 10% to US$30 million over the same period of
2024. The US is the largest market for China’s bamboo
furniture exports with 27% of China’s bamboo furniture
being exported to the US. The total value of China’s
bamboo furniture exports fell 1% to US$111 million in the
first half of 2025.
The markets for China’s bamboo furniture export are
scattered and China’s bamboo furniture is exported to over
140 countries. The proportion of China’s bamboo furniture
exports to the top 10 destination countries was 70% in the
first half of 2025.
Germany was the second largest destination for China’s
bamboo furniture exports. 11% of China’s bamboo
furniture was exported to Germany. In the first half of
2025 the value of China’s bamboo furniture exports to
Germany rose 9% to US$11 million over the same period
of 2024. The value of China’s bamboo furniture exports to
Japan fell 35% in the first half of 2025. In the first half of
2025 China’s bamboo furniture exports to Australia and
Thailand rose 13% and 8% over the same period of 2024.
Decline in bamboo furniture imports
According to China Customs, in the first half of 2025 the
total value of China’s bamboo furniture imports dropped
30% to US$890 million over the same period of 2024.
Indonesia, Viet Nam and Italy are the top three suppliers
of China’s bamboo furniture imports and nearly 90% of
China’s bamboo furniture was imported from these three
countries in the first half of 2025.
China’s bamboo furniture imports from the top 2
suppliers, Indonesia and Viet Nam fell 5% and 50%
respectively but from Italy imports rose 1% over the same
period of 2024.
The main reason for the decrease in the total value of
China’s bamboo furniture imports is that domestic bamboo
furniture industry has developed rapidly in recent years
with the output of bamboo furniture constantly increasing
and the demand for imports gradually decreasing.
China Global Timber Index
Data from China’s General Administration of Customs
revealed that from January to July the country’s imports of
logs and sawnwood totaled 33.479 million cubic metres, a
decrease of 12% compared to the same period in 2024 and
the total import value reached 48.67 billion yuan, down
14.5%.
The China Furniture Industry Import & Export Report
released by the China National Furniture Association
showed that in the first half of this year the total export
value of China’s furniture industry stood at US$34.915
billion, a year-on-year decrease of 7%, although export
volume increased by 6%.
Influenced by tariff-related factors, the export value
declined noticeably in April and May reaching US$6.133
billion and US$5.983 billion respectively, representing
year-on-year drops of 7% and 9%.
On 29 August the People’s Bank of China, the National
Financial Regulatory Administration and the National
Forestry and Grassland Administration jointly issued a
‘Notice on Financial Support for High-Quality
Development of Forestry Industry’ outlining 15 specific
measures across five key areas:
+ enhancing financial services for the reform of the
collective forest tenure system
+ strengthening financial safeguards for major
forestry strategies
+ increasing financial input for high-quality
development of the forestry industry
+ establishing mechanisms for financial support to
realise the value of ecological products
+ improving supporting policies and safeguard
mechanisms.
In August 2025, the GTI-China index registered 51%, an
increase of 2 percentage points from the previous month
and above the critical value (50%) after one month,
indicating that the business prosperity of the timber
enterprises represented by the GTI-China index expanded
from the previous month.
Although the domestic market in China contracted during
this month both production volume and export orders
showed slight growth over the previous month.
As for the twelve sub-indices, nine (production, export
orders, existing orders, inventory of finished products,
purchase quantity, purchase price, inventory of main raw
materials, delivery time and market expectation) were
above the critical value of 50% while the remaining three
(new orders, import and employees) were below the
critical value.
See:
https://www.itto-ggsc.org/static/upload/file/20250918/1758161706789480.pdf
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