The development of China's wood-based panel industry in 2023 was generally stable. According to a 2023 statistical report on China's wood-based panel industry total production capacity of the wood-based panel secor was about 335 million cubic metres, up 2.2% year on year. The output value of wood-based panel products was about RMB764 billion, an increase of 15% year on year. The consumption of wood-based panel products was about 318 million cubic metres, an increase of 10% year on year.

In addition to Beijing, Tianjin, Shanghai, Tibet, Qinghai, Ningxia, the remaining 25 provinces had wood-based panel production in 2023. Eight provinces had a production of more than 10 million cubic metres.

Production growth in Central and South China regions was noted with Guangxi exceeding Shandong to become China's largest wood-based panel production province. At the end of 2023 there were more than 10,100 woodbased panel manufacturers in China, down 17% year-on-year.

Through the continuous promotion of supply-side structural reform the structure of China's wood-based panel industry has accelerated its adjustment, low production capacity has been eliminated and enterprises that have lost competitiveness have ceased operation.