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First half of the production of solid wood flooring increased
In the first half of 2013, the wood processing industry in Guangdong remained generally stable, but it faced intense market competition and numerous challenges. Despite a notable improvement in commercial housing sales compared to the same period last year—especially with a 30.4% increase in residential product sales—the overall outlook for the domestic wood processing market was positive. This environment helped boost the demand for wood-based products such as furniture, which in turn supported the production of processed wood materials within the province.
However, the export performance of wood products remained weak. Since April, the global economy had been sluggish, and many countries experienced weak market conditions, which significantly affected the export of wood furniture and fiberboard. According to statistics, the export of wooden furniture saw negative growth during the first half of the year, which had a major impact on the MDF and particleboard markets. Additionally, with increased production of MDF and particleboard, the market became highly competitive, leading some companies to shut down or scale back operations.
Notably, solid wood composite flooring, which had seen a decline in recent years, experienced a significant rebound in the first half of 2013. This growth was largely driven by improved export demand and increased construction activity in the commercial housing sector. As a result, production of solid wood composite flooring rose sharply compared to the same period in 2012, signaling a positive shift for this particular segment of the industry.