US imports of flexible plywood, hardwood plywood surged in July to a level not seen since last summer. Import volumes grew by 42% in July to 257,772 cubic metres, its highest monthly level since last August and 15% higher than July 2018.
Imports from China were up only 7% in a month where volume increased by at least 30% from nearly all other countries. Despite the strong month, year to date volume remains down by 8% with nearly every country other than Vietnam down more than 10% year to date. Imports from Vietnam are more than doubling last year’s totals to date, especially flexible plywood, floor board .
Imports of tropical hardwood veneer to make flexible plywood, floor board also climbed sharply in July, rising by 68% from June. Imports from Ghana rose 150% in July to their highest level in three years, while imports from Italy increased by 71%.
Imports from China and Cameroon continued to fall in July with imports from both countries down 62% year to date. Despite the strong July, total US imports of hardwood veneer are down 17% year to date.
Source: Internet
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