China's OSB production increases by 70% in 2021

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China's oriented strand board (OSB) sector has grown fast as production by overseas mills has slowed and international demand has expanded. China’s OSB output in 2021 surged 70% to 3.4 million cubic metres, a record high. Of the total, output of faced OSB was 850, 000 cubic metres.

The capacity of China’s OSB output in 2021 was 4.42 million cubic metres annually. An additional 13 continuous flat press production lines with a capacity of 3.62 million cubic metres per year have been brought on stream.

China's OSB imports in 2021

According to China Customs OSB imports in 2021 totalled 182, 000 tonnes valued at US$86 million, down 9% in volume but up 14% in value year on year. The CIF price for China’s OSB imports in 2021 was US$475 per tonne, up 26% year on year. China’s OSB imports in 2021 were from Russia, (35%), Canada (19%), Germany (13%), Brazil (12%), Thailand (9%) and Romania (7%).

Chinese analysts suggest the OSB market in China is in a period of development as OSB is rapidly replacing other wood panels. There are many OSB manufacturers in China but most of them are small scale and inefficient such that imported panels are deemed superior.

With the growth of the domestic OSB market imports will rise but domestic investment in new production capacity will also grow. The output of China’s OSB increased year on year by 31% in 2019, 43% in 2020 and 70% in 2021.

China’s OSB exports in 2021 totalled 273,000 tonnes valued at US$135 million, surging 224% in volume and 323% in value. The CIF price for China’s OSB imports in 2021 was US$494 per tonne, up 30% year on year. 80% of China’s OSB exports in 2021 were exported to Chile (25%), Mongolia (16%), UK (12%), South Korea (9%), Mexico (7%), USA(6%) and Peru (5%).

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