Plywood imports from China surge
18 August 2016US hardwood plywood imports grew 27% in May 2016 following four months of declines, according to ITTO’s Tropical Timber Market Report, July 31, 2016.
Year-to-date import volumes were up 3% from May 2015 but the value of imports fell 5%. A total of 268,735m3 was imported in May, worth US$159m.
A recovery in US plywood imports from China was mainly responsible for the growth in May. Imports from China jumped 55% from the previous month to 157,103m3.
Canadian shipments to the US also increased while imports from Indonesia declined to 21,779m3 (-7%).
