Summary
The global wood processing market is expected to increase from US $ 283 billion in 2012 to US $ 531 billion in 2020 with an annual growth of 9.2%. Asia is the region Largest in wood processing market in terms of consumption in 2017, accounting for 55% market share. This coul d be due to the high demand for wooden products, driven by one Large numbers of middle class and disposable income are increasing in countries like China and India. . In 2019, the concentrated forestation area was estimated to reach 273.6 thousand hectares, down 4.5% from the previous year. In 2019, the total import value of raw wood is estimated at 1.96 billion USD, up 3.5% compared to 2018. In which, the import turnover of logs and sawn timber is 635.7 and 966.3 million USD, respectively. In 2019, wood chip production is estimated at 7,275 thousand tons, up 13% compared to 2018. In 2019, the production of artificial boards (including plywood, veneer, and wood has been increased). snakes, plywood from wood and similar materials) is estimated at 6,422 thousand m³, almost unchanged compared to 2018. In 2019, the production of wooden furniture products is estimated at 110.4 million pieces...
