Transformation of China’s wood panel enterprises
China’s production of wood products, especially wood-based panels, has increased rapidly in recent years. According to statistics from the China Timber and Wood Products Distribution Association (CTWPDA) output of wood-based panels rose 5% to 315 million cubic metres in 2017. Of the total, output of plywood, fibreboard and particleboard was 182 million cubic metres, 67 million cubic metres and 35 million cubic metres respectively. 2017 output of particleboard surged over 30%. However, most of wood-based panel enterprises are facing huge challenges resulting from their low level technology, overcapacity, inadequate raw material supply, environmental restrictions and fierce competition not to mention rising tariff barriers.