Market Demand and Opportunity
China's domestic fiber demand, including non-industrial applications such as rural housing, mining, agriculture and fuel wood is currently estimated to be approximately 350 million - 400 million cubic meters per year. According to the National Plan for Conservation and Utilization of Forest Land (2010-2020), total wood fibre demand is expected to increase to 457-477 million cubic meters by 2020, fuelled predominantly by the ramp-up in urbanization. China’s imbalance with its domestic demand and supply has led to a significant reliance on imported logs. As China continues to look for sustainable wood supplies from outside China for China, Greenheart Group is able to leverage its international asset base, experience to operate a fully integrated supply chain, based on market demand.