It is one of the most abundant materials found on the earth with its multipurpose benefits ranging from wooden equipment beneficial to daily households and its great impact on interior designing and furniture manufacturing industries which is the major reason behind its thriving global demand. Conifers or softwoods are widely used over different areas for manufacturing wooden equipment accompanied by broad leaves or hardwoods. From the very earliest times, it has been used as building equipment which still maintains its importance in global trade.

The overall trade value of this globally sought commodity depends on the quality of the product and its place of origin which determines the longevity of the manufactured trades. The trade analysis of the global wood trade depicts the entire growth rate of this rapidly growing business commodity, the trade details show that the total annual global consumption of this highly sought commodity has reached a value of 500 billion US dollars in 2023 with a staggering import and export trade value of 350 billion US dollars and 200 billion US dollars.

Top Importers of Wood 2023

As people nowadays are more investing in wooden resources due to high-quality products and better longevity the global trade rate of this commodity has gained a hike. Different countries are investing in wooden accommodations from various top producers to fulfill domestic import needs. As per the Global Wood Import Trade Data, the top importers of the product with its trade values of 2023 are given below,

• China – According to China Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• Japan – According to Japan Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• United States – According to USA Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• Germany – According to Germany Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• United Kingdom – According to United Kingdom Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• South Korea – According to South Korea Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• Italy – According to Italy Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• France – According to France Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• Netherlands – According to Netherlands Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

• Canada – According to Canada Import Data, the import trade value of wood in 2023 is 30 billion US dollars.

Top Exporters of Wood 2023

Due to the rapidly increasing global demand for wooden products across the globe, different industries have started investing in their exports and production to emerge as the top business trade holders of the year. As per the Global Wood Export Data, the top exporters of wood in 2023 with its trade value are discussed below,

• China – As per the China Export Data, the export trade value of wood in 2023 is 77 billion US dollars.

• United States – As per the USA Export Data, the export trade value of wood in 2023 is 23 billion US dollars.

• Germany – As per the Germany Export Data, the export trade value of wood in 2023 is 18 billion US dollars.

• Canada – As per the Canada Export Data, the export trade value of wood in 2023 is 16 billion US dollars.

• Russia – As per the Russia Export Data, the export trade value of wood in 2023 is 13 billion US dollars.

• Sweden – As per the Sweden Export Data, the export trade value of wood in 2023 is 12 billion US dollars.

• Finland – As per the Finland Export Data, the export trade value of wood in 2023 is 11 billion US dollars.

• Austria – As per the Austria Export Data, the export trade value of wood in 2023 is 9 billion US dollars.

• Brazil – As per the Brazil Export Data, the export trade value of wood in 2023 is 7 billion US dollars.

• Malaysia – As per the Malaysia Export Data, the export trade value of wood in 2023 is 6 billion US dollars.

Top Leading Producers of Wood 2023

Due to rapid investments in the production sector of wood by the government authorities to cater to the domestic and international needs of wooden equipment, the top manufacturing companies of the world have recorded the highest number of exports in 2023. The Global Wood Trade Data shows the following as the top exporting companies with their trade values,

• Georgia Pacific LLC – Total production value of wood in 2023 – 8 billion US dollars.

• Weyerhaeuser Company – Total production value of wood in 2023 – 7 billion US dollars.

• West Fraser Timber Co Ltd – Total production value of wood in 2023 – 6 billion US dollars.

• Canfor Corporation – Total production value of wood in 2023 – 5 billion US dollars.

• Svenska Cellulosa Aktiebolaget – Total production value of wood in 2023 – 4 billion US dollars.

• Tembec Inc – Total production value of wood in 2023 – 3 billion US dollars.

• Stora Enso Oyj – Total production value of wood in 2023 – 2 billion US dollars.

• Rayonier Advanced Materials Inc – Total production value of wood in 2023 – 1 billion US dollars.

• Interfor Corporation – Total production value of wood in 2023 – 700 million US dollars.

• Godrej and Boyce Mfg Co Ltd – Total production value of wood in 2023 – 600 million US dollars.

FAQ’s

Que. What is the total global consumption rate of wood in 2023?
Ans. The total global consumption rate of wood in 2023 is 500 billion US dollars.

Que. Who is the top importer of wood in 2023?
Ans. China is the top importer of wood in 2023.

Que. Where can you get the detailed trade statistics of wood export and import trade in 2023?
Ans. At Import Globals, you can get detailed trade statistics for wood export and import trade in 2023.

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