US Dollar Exchange Rates of
China Yuan 6.4752
Report from China
GGSC-CN Index Report (January 2021)
Inventory of raw materials increased and exports
In January 2021, despite a rebound in corona infections
China's economy maintaineds an upward trend. The
purchasing managers index (PMI) for the manufacturing
industry is 51.3%, only slightly lower than that in the
The index has been above 50 for seven consecutive
months. However, in January the wood sector production
and manufacturing industry continued to shrink. Although
production was the same as last month the number of new
orders declined significantly in January, the inventory of
raw materials increased and exports remained weak.
The GGSC-CN comprehensive index for January
registered 42.9% (48.4% for last January and 38.3% for
January 2019), a decline of 19% from the previous month.
The operations of the wood product enterprises
represented in the GGSC-CN index shrank from last
The production index in January registered 50%, the
as the previous month. The new order index registered
28.6%, a drop of 31% from the previous month. The new
export order index reflecting international trade registered
35.7%, a decline of 4% from the previous month.
The main raw material inventory index registered 57%, an
increase of 17% points from the previous month.
This indicates that the raw material inventory of forest
products enterprises included in the index increased in
January from the previous month.
The employment index registered 42.9%, a drop of
7% from the previous month as companies cut back on the
workforce. The supplier delivery time index was 50%,
same as the previous month indicating that the deliver time
of raw materials from suppliers was almost the same as in
Canadian decision on China’s plywood
In January 2021 the Canada Border Services Agency
(CBSA) terminated the dumping and subsidy investigation
in respect of certain decorative and non-structural plywood
originating in or exported from China.
The statement from the CBSA is provided below and the
source of the full determination is shown.
On 21 January 2021, pursuant to paragraph 41(1)(a) of the
Special Import Measures Act, the Canada Border Services
Agency terminated the dumping investigation in respect of
certain decorative and other non-structural plywood
originating in or exported from China by:
Celtic Co., Ltd.
Linyi Evergreen Wood Co. Ltd.
Linyi Huasheng Yongbin Wood Co., Ltd.
Pingyi Jinniu Wood Co., Ltd.
Pizhou Jiangshan Wood Co., Ltd.
Shandong Good Wood Imp. and Exp. Co., Ltd.
Xuzhou Shengping Imp and Exp Co., Ltd.
Similarly, on the same date, pursuant to paragraph
41(1)(a) of the Special Import Measures Act the Canada
Border Services Agency terminated the subsidy
investigation in respect of certain decorative and other
non-structural plywood originating in or exported from
China by Celtic Co., Ltd., Linyi Evergreen Wood Co.,
Ltd., Linyi Huasheng Yongbin Wood Co., Ltd., Linyi
Jiahe Wood Industry Co., Ltd., Pingyi Jinniu Wood Co.,
Ltd., Pizhou Jiangshan Wood Co., Ltd., Shandong Good
Wood Imp. and Exp. Co. Ltd., and Xuzhou Shengping
Imp and Exp Co., Ltd.
On the same date, pursuant to paragraph 41(1)(b) of the
Special Import Measures Act, the Canada Border Services
Agency made final determinations respecting the dumping
and subsiding of certain decorative and other nonstructural
plywood originating in or exported from China,
with respect to exporters for which the investigations have
not been terminated.
The full determination can be found at:
New national standard for Veneer
The national standard, GB/T 13010-2020, for wood
veneers has been released by the National Technical
Committee for Standardisation of wooden panels and this
will come into force on 1st June 2021.
This new standard is an integration and revision of two
previous standards for sliced veneer (GB/T 13010-2006)
and rotary veneer (LY/T 1599-2011).
The implementation of this new standard for veneer will
effectively regulate product quality, enterprise production
and marketing of wood veneer in China and is a
significant step towards higher technological capacity in
Increased natural forest area and stocking
China now has 1.98 million hectares of natural forest
accounting for 64% of the country's forest area and more
than 83% of its forest stock.
Since the 13th Five-Year Plan, the central government has
continuously supported protection of natural forests.
RMB240 billion was spent on protecting natural forests in
China over the past five years accounting for more than
40% of the total investment in forests and grasslands from
the central government. An amount of RMB223.4 billion
was from the central government and RMB16.6 billion
from local governments.
China has achieved a net increase of 5.93 million hectares
in the area of natural forests over the past five years and a
net increase of 1.375 billion cubic metres in stocking
Rise in sales of flooring products in 2020
According to data from the China Forest Products Industry
Association annual sales of flooring products rose 1.35%
to 903 million square metres in 2020. Of the total sales of
wood and bamboo flooring was about 412 million square
metres, stone-wood-plastic-ploymer composite flooring
sales were 4.17 square metres and wood plastic flooring
sales were 74 million square metres.
However, sales of wooden and bamboo flooring fell 3% to
411.7 square metres in 2020. Sales of laminated wooden
flooring were 199 million square metres, a year on year
decline of 8%, wooden composite floors, 138 million
square metres, year on year up 9%, solid wood floors, 41
million square metres, year on year down 12%, bamboo
floors, 28.6 million square metres, year on year down 5%
and other floors, 5.1 million square metres, year on year
Annual sales of stone-wood-plastic-polymer floors rose
5% to 417 million square metres in 2020 with around 95%
Annual sales of wood and plastic flooring increased about
6% to 74 million square metres in 2020. 60% are exported
and 95% are for outdoor flooring.
Main features of the flooring industry in
Domestic sales of wood-bamboo flooring declined.
The differentiation of domestic marketing channels has
becoming more and more significant. Sales for
commercial facilities continued to expand driving the sales
growth of composite flooring. Sales in the retail/home
market declined affecting solid wood flooring and
The pandemic had little influence on the export of flooring
in 2020 and sales of stone-wood-plastic floors and wood
plastic flooring increased slightly.
Many enterprises increase prices for wood panels
After the Spring Festival prices for chemical raw materials
soared by more than 50% forcing wood panel makers to
raise prices. Further prices increases have been forecast.
As panel prices rise there will be a knock-on effect to
As a result of the increased in production and labour costs
a number of decorative paper producers have raised the
price of panel coatings.
Shangrao wooden blinds sold well in 2020
According to Shangrao Customs (Jiangxi Province),
exports of wooden window blinds made in Shangrao City
exceeded RMB120 million in 2020, a year-on-year growth
of 23%. In the second half of 2020 exports increased by
more than 50% year on year.
Because of the pandemic control measures in the main
overseas markets people have been spending more time at
home and have turned to home improvements to relieve
stress. Shangrao Customs adapted its inspection methods
to aid enterprises with many steps being achieved online.
This greatly assisted exporters and saved them money and
To ensue enterprises meet the regulatory requirements
Shangrao Customs took the initiative to conduct what it
termed "Cloud Inspection" and field operations in the
mode of "No Contact".