2023 China's Wood-based Panel Manufacturing Development Status And Market Segment Supply And Demand

Industry development status analysis

-- Analysis of the development process

Since the founding of New China, China's wood-based panel industry from the planned economy to the market economy, experienced from nothing to exist, from small to large, from weak to strong, the scale of enterprises continues to expand, product categories continue to increase, the level of technical equipment and product quality continue to improve, to achieve the international and domestic two resources, the comprehensive use of two markets, from traditional industry to modern industry fundamental change, It has promoted China to become the world's largest country in wood-based panel production, consumption and international trade.

-- Business model analysis

At present, leading enterprises in China's wood-based panel industry actively adjust the procurement mode in raw material procurement, according to the changes in the raw material market, centralized procurement management, and do a good job in resource security; Optimize the production management system in the production of products, increase technological innovation and product innovation; In terms of product sales, it mainly adopts the business model of independent brand, through direct sales model, distributor model and network sales model.

-- Capacity reform

According to the "China's wood-based Panel Industry Development Report 2022" released by the Forest Products Industry Planning and Design Institute in December 2022, the elimination of backward production capacity of China's wood-based panel industry has accelerated, and the industrial structure has continued to optimize. The number of large and medium-sized wood-based panel enterprises has gradually increased, the number of small enterprises has been decreasing, leading enterprises have further consolidated their market position through new construction, mergers and acquisitions and other means, and the market concentration of the wood-based panel industry has increased, but the overall concentration is still not high.

-- Supply and demand of plywood

Plywood is a three-layer or multi-layer plate-like material made of wood segments cut into veneer or thin wood cut by wood square planing, and then glued with adhesive. Usually, odd layers of veneer are used, and the fiber directions of adjacent layers of veneer are vertically glued to each other.

From 2013 to 2021, plywood production overall showed an upward trend, while the growth rate of plywood sales continued to decline over the past decade. However, plywood is still the most important consumer segment of wood-based panels.

-- Supply and demand of fiberboard

Fiberboard, also known as density board, is a wood-based board made of wood fiber or other phytochrome fiber as raw material and made of urea-formaldehyde resin or other applicable adhesives.

From 2013 to 2021, plywood production overall showed an upward trend, while the growth rate of plywood sales continued to decline over the past decade. However, plywood is still the most important consumer segment of wood-based panels. With the gradual increase of the country's environmental requirements for wood-based panels, fiberboard can use straw, bagasse and other plant fibers for recycling, fully practicing the business philosophy of environmental protection and green production, so as to promote the continuous increase of fiberboard production. Since 2017, due to the impact of the wood-based panel industry supply-side reform, fiberboard production and sales have continued to decline.

-- Supply and demand of particleboard

Particleboard A wood-based board made of wood or other lignocellulosic materials and glued under heat and pressure after the application of an adhesive, also known as the particleboard. Mainly used in furniture manufacturing and construction industry and train, car compartment manufacturing and other fields.

In recent years, with the introduction of foreign advanced production lines and the improvement of domestic technology level, the quality of Chinese particleboard has been continuously improved by the market, and many furniture manufacturers have re-selected particleboard as raw materials. The domestic wood-based board market has entered a mature stage with the downward trend of the real estate cycle, and the particleboard industry with production process advantages, scale economy advantages and product quality advantages under the stock game is expected to gradually be accepted and recognized by the market.