China: Average plywood export prices show huge variations

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China's plywood exports totalled 11.71 million cubic metres, valued at US$5,810 million in 2014, up 14% in volume and 15% in value from 2013. The average unit price for exported plywood in 2014 was US$496 per cubic metre, a year on year increase of 1.4%. China's plywood was exported mainly to the following markets:

  • USA (1,678,000 cu.m, up 25%)
  • Japan (829,000 cu.m, up 1.7%)
  • UK (716,000 cu.m, up 10%)
  • South Korea (711,000 cu.m, down 8%)
  • UAE (698,000 cu.m, up 64%)
  • Philippines (678,000 cu.m, up 69%)
  • Saudi Arabia (600,000 cu.m, up 41%)

The average export price for plywood was US$764 per cubic metre in the US, US$498 per cubic metre in Japan, US$489 per cubic metre in the UK, US$390 per cubic metre in South Korea, US$367 per cubic metre in UAE, US$429 per cubic metre in Philippine and US$309 per cubic metre in Saudi Arabia.

Around 85% of China's plywood is exported by manufacturers in Shandong, Jiangsu, Guangdong and Guangxi but these manufacturers face tough price competition and complain average prices have only risen by around 10% in 5 years.

Average plywood export price

  2013 2014 Change in %
USA 733 764 4.2%
Japan 527 498 -5.5%
UK 458 489 6.8%
South Korea 361 390 8%
UAE 387 367 -5.2%
Philippines 392 429 9.4%
Saudi rabia 353 309 -12.5%
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