$28.0bn
$X.Xbn
143k
1,155
$X.Xbn
China's increasing urbanization rate bolstered demand for construction wood, wood for decoration and wood furniture over the past five years. The rapid development of transportation infrastructure has also raised demand for special timbers and sleepers. These factors have benefited the Sawmill industry, causing industry revenue to increase an annualized 4.5% over the five years through 2023, to total $28.0 billion. This includes a 4.1% increase in 2023. High purchasing and labor costs lead to low profitability, profit accounts for 4.2% of total revenue in 2023.Inadequate supply, low quality and an uneven distribution of Chinese forest resources have led demand for industry products to surpassed supply. The decrease was mainly affected by the COVID-19 pandemic from 2019 to 2020 in foreign countries and continuous lockdown in 2022. Approximately 99% of timber and sleepers manufactured in China are sold in the domestic market.Revenue for the Sawmills industry is forecast to grow at an annualized 3.6% over the five years through 2028, to $33.4 billion. China's growing economy and ongoing urbanization is projected to continue driving overall demand. Additionally, China has approved several trial reform projects related to processing imported logs and exporting finished products, which are anticipated to support sawmill development by reducing production costs and yielding overseas revenue.
Industry revenue has grown at a CAGR of 4.5 % over the past five years, to reach an estimated $28.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Sawmills in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Softwood-sawn timbers, Hardwood-sawn timbers and Other. Softwood-sawn timbers is the largest segment of the Sawmills in China.
Softwood-sawn timbers are used for industrial use
The Sawmills in China industry comprises establishments that saw raw logs lengthwise into lumber of standardized width and depth with sawing machines or woodwork devices. Industry operators also process lumbers chemically in preservatives and other soaks, and manufacture rough floorings.
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China’s rising living standards have boosted domestic demand. Increasing urbanization and the development of transportation facilities are driving up industry demand.
Learn about an industry's products and services, markets and trends in international trade.
Hardwood-sawn timbers is the largest segment but decreasing. The share of Hardwood-sawn timbers has decreased due to decreasing market demand for downturn in the property mar...
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Shandong has become the largest share of output of sawn timbers. This is mainly due to its geographical location government encouragement.
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Firms compete mainly on price. There are many small factories in the industry so price advantage is crucial to these enterprises.
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International mergers and acquisitions are frequent. Continuous international mergers and acquisitions create opportunities for companies to expand their scale.
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Disposable income increases industry demand. Rising disposable incomes are supporting the demand for housing and high-quality furniture, thus increasing industry demand.
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Low margins are the result of high procurement and labor costs. High procurement, labor costs and fierce competition constrain profitability growth.
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Sawmills industry in China is $28.0bn in 2024.
There are 1,155 businesses in the Sawmills industry in China, which has grown at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Sawmills industry in China has been growing at a CAGR of 4.5 % between 2019 and 2024.
Over the next five years, the Sawmills industry in China is expected to grow.
Softwood-sawn timbers and Hardwood-sawn timbers are part of the Sawmills industry.
The level of competition is moderate and increasing in the Sawmills industry in China.