Article Number : 7100 |
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| Date | 11/9/2011 8:51:18 AM |
| Written By | LGM & Associates Technical Flooring Services |
| View this article at: | //floorbiz.com/BizResources/NPViewArticle.asp?ArticleID=7100 |
| Abstract | Los Angeles, CA (PRWEB) November 08, 2011 - Strong economic performance in China in recent years, especially in the construction industries, has greatly increased demand for wood products, according to IBISWorld, America's largest publisher of industry research. Timber production in China has been unable to match domestic demand, and the gaps have been... |
| Article | Los Angeles, CA (PRWEB) November 08, 2011 - Strong economic performance in China in recent years, especially in the construction industries, has greatly increased demand for wood products, according to IBISWorld, America's largest publisher of industry research. Timber production in China has been unable to match domestic demand, and the gaps have been filled by log imports from North America, Africa and Southeast Asia. Revenue of the Timber Logging industry in China is expected to be US$12.38 billion in 2011 and to reach US$19.69 billion in 2016. Due to growing scarcity of forestland suitable for logging in China and a rise in prices, log imports, in value, have increased at an average annual rate of 10.4% in the five years through 2011. According to IBISWorld, the share of young forest in China is limited. This is expected to negatively affect the long-term domestic supply of timberland available for logging. China is currently the largest importer of logs in the world, purchasing US$8.04 billion of foreign timber in 2011. Imports as a share of domestic demand increased from 9.4% in 1998 to an estimated 39.4% in 2011. Imports are expected to make up 40.9% of China’s domestic demand for logs in 2016. Russia is the main source of logs imported by China, supplying over 40% of total imports in value. However, Russia’s export tax rate of logs has increased in recent years, which has significantly affected the cost of Russian logs. Log imports from North America and Europe are expected to increase in the future if Russia continues to raise export tax rates. The United States is the largest supplier of hardwood to China. Industry revenue is expected to increase at an annualized rate of 7.8% over the five years through 2011. Due to a return to strong economic growth in China, industry revenue is expected to grow 14.6% in 2011 and at an average annualized rate of 9.7% over the next five years. For more information visit IBISWorld’s Timber Logging in China report www.ibisworld.com.cn/industry/default.aspx?indid=28 Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189 Establishments within the Timber Logging industry in China purchase and lease harvesting equipment and machinery from relevant service providers and use them to fell trees. Simple further processing procedures such as tree delimbing, topping and bucking are also included in this industry. The industry does not plant or grow trees, nor does it manage the forests from which logs are derived. Main Activities Felling trees Provisional storage of logs Short-distance transportation of logs Timber Logging Industry Report Key Topics Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalization & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios About IBISWorld Inc. Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit www.ibisworld.com.cn or call 1-800-330-3772. |