Revenue for the Sawmill Industry in China is set to reach $9.1 billion in 2012, up 14.6% from 2011.
Los Angeles, CA (PRWEB) March 31, 2012
China's urbanization rate increased from 45.7% in 2008 to an estimated 50.0% in 2011. The rapid development of the real estate market created huge demand for construction wood, wood for decoration, and wood furniture, which resulted in growing demand for products from the Sawmills industry. Fast growth in the transportation sector also boosted demand for special timbers and sleepers provided by sawmills. As a result, IBISWorld estimates that the Sawmill industry in China will generate $9.1 billion in 2012, reflecting 24.8% annualized growth over the past five years.
According to IBISWorld, the top four companies in this industry–Rizhao Huada Investment Development, Yantai Northwest Forestry, Shandong Hailan Import and Export Corporation, and Qingdao Westwood Lumber–account for only 8.5% of total industry revenue. As sawmill products are manufactured from logs of different forestry species into items with different specifications, one sawmill cannot satisfy the needs of all the markets. Therefore, sawmills tend to specialize focusing only on products of certain specifications.
Over the next five years, the Chinese government will continue to boost domestic investment in the [Sawmill industry and encourage Chinese enterprises to invest in countries with abundant forest resources. With favorable policies and low purchase costs, top enterprises are expected to account for a larger market share in the coming five years, says IBISWorld.
For more information, visit IBISWorld’s Sawmills in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld industry Report Key Topics
The Sawmills in China industry comprises establishments that saw raw logs lengthwise into lumber of standardized width and depth with sawing machines or manipulative devices. They also process lumbers chemically in preservatives and other soaks, and manufacture rough floorings.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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 every US industry. 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 http://www.ibisworld.com or call 1-800-330-3772.