The total value of China’s forest industry output has been increasing and the structure and size of the sector changed during Twelfth Five Year Plan period.

The total output value of China’s forest industry grew to RMB5.81 trillion in 2015 from RMB2.28 trillion in 2010 representing an annual growth of over 20%. It is forecast that the total value of China’s forestry industry output will exceed RMB9 trillion by 2020.

In the period of the 12th 5 year plan the structure of the primary, secondary and tertiary forest industry sectors changed from a ratio of 39:52:9 in 2010 to 33:51:16 in 2015. In 2015 it is estimated that over 52 million of employees were depending on the forestry sector for work.

The value of China’s wood products trade has increased to US$140 billion in 2015 from US$93.8 billion in 2010.

The government has prepared plans to upgrade the country’s wood products industry. Enterprises will be encouraged to accelerate transformation to added value production, to upgrade machinery and equipment and adopt high-tech, environmentally sound practices.

(Source: globalwoodmarketsinfo.com)