Will China’s timber market continue to shrink in the future?

Will the Chinese timber market continue to shrink in the future? The following analysis will explore the impacts on logs and lumber from the perspectives of real estate market demand, import-export conditions, and maritime shipping. Real estate market: Both the area of new real estate projects and the area under construction in China have experienced varying degrees of decline, and downstream demand may continue to contract. According to data from China's National Bureau of Statistics, the area of new real estate projects has been declining year-on-year since July 2021, a trend that has continued ...