Continued growth in hardwood plywood imports from China

Source:
Fordaq
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Hardwood plywood imports were almost unchanged from March and April, at 287,156 cu.m. However, year-to-date import volumes were up 22% from May 2016. The value of hardwood plywood imports grew 4% from the previous month to US$164 million in May.

Plywood imports from China increased 14% in May to 161,273 cu.m., while imports from most other countries, except Canada and Russia, declined in May. Imports from Indonesia fell 39% to 21,642 cu.m. (-7%). Vietnamese plywood shipments to the US grew to 5,579 cu.m. in May.

Despite the month-over-month decrease in May imports from Indonesia, Malaysia and Ecuador, year-to-date imports from all three countries grew compared to the same time last year. Year-to-date imports from Malaysia doubled compared to May 2016.

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