China: Number of plywood production companies fell in 2023

According to the Academy of Industry Development and Planning under the National Forestry and Grassland Administration (NFGA) and the China Forestry Products Industry Association (CFPIA), the number of enterprises in China’s plywood industry continued to decline in 2023. There were more than 7,400 plywood manufacturing enterprises in 2023, down 30% year on year, however, the production capacity declined only slightly year on year and stood at 205 million cubic metres in 2023. For the first time Guangxi Zhuang Autonomous Region exceeded Shandong in plywood production capacity in 2023 and thus became the largest in terms of ...