Market Trends of Industrial Round Wood Industry
This section covers the major market trends shaping the Industrial Roundwood Market according to our research experts:
Constant Rise in the Production of Industrial Round Wood
From 2016-2018, global industrial round wood production increased by 6.4%. For instance, in 2016, the global production was 1,904.4 million m3 and the production increased to 2,025 million m3 by 2018. China, Brazil, Canada, the United States, and Russia Federation are the five largest producers at the country level. In 2018, the production of these countries accounted for 1,077 million m³ in 2018, accounting for 53% of global production. The USA produced 368 million m³ in 2018 and the production increased by 4% to that of 2017. Production in the Russian Federation and China increased by 11%, and in Brazil by 5%, while Canada saw a 3% decline in 2018. Brazil overtook Canada and became the fourth-largest producer of industrial roundwood in 2018.
Asia-Pacific Dominates the Global Import Market
In 2018, the global industrial round wood import was valued at USD 19.64 billion. By country, China, India, Japan are the major importers of industrial round wood. For instance, in 2018, China imported USD 12.08 billion worth industrial round wood products. India and Japan together imported USD 1.98 billion worth products. In 2018, nearly 12% of the global consumption was dominated by China. During the study period, it is observed that the domestic supply of industrial wood in China has failed to keep up with China's industrial manufacturing capacity due to a low level of per-capita forest resources and the government's policies on the protection of natural forests. To meet the wood supply deficit in the country, China has become the world's largest importer.
