Get Your Quotation

  Home:  Global Wood   Industry News & Markets

US and Canada Timber and Wood Product Price and Market Report
01 – 15th Jun

Report from North America

 April brings more relief to US imports
US imports of tropical hardwood and related products showed gains for a second month in April but still remain far below last year’s levels. Imports of tropical hardwood, hardwood plywood, wooden furniture and tropical hardwood veneer all rose in the 9%-15% range in April. But through the first four months of the year, these imports are considerably behind 2022 year-to-date numbers. Numbers are trending in the right direction, but there is still plenty of ground to make up.

Sawn tropical hardwood imports halt slide
US imports of sawn tropical hardwood rose 13% in April, gaining for a second consecutive month to continue a recovery from several months of decline. The 16,377 cubic metres imported in April was 37% below the volume from April 2022.

A rise of 97% in imports from Brazil accounted for most of the gain, although imports from Ecuador, Indonesia, and Ghana also showed significant growth. Even with the monthly gains, imports from all major trading partners are lagging behind 2022 totals through the first four months of the year—with the two biggest traders, Brazil and Indonesia, down 46% and 76%, respectively.

Imports of Balsa tripled in April, but that barely brought the monthly volume to 1% above that of last April. Imports of Ipe and Sapelli also gained while imports of Mahogany, Teak and Acajou d’Afrique declined in April. Imports of Mahogany, Cedro and Keruing remain ahead of last year’s totals through March, while imports of all other tropical hardwoods are behind, many by significant margins. Imports of Ipe, for example, are off by 66%.

Overall, US sawn tropical hardwood imports are down 41% from last year through April.

Canada’s imports of sawn tropical hardwood fell 28% in April, reversing their gains from the previous month. Imports were 19% lower than the previous April, as imports of Sapelli, Virola, Imbuia and Balsa all fell by about a third from the previous month. Year-to-year imports, which were ahead of 2022 by 10% last month, are now only up 2%.

Hardwood plywood imports gain
US imports of hardwood plywood rose for a second straight month, gaining 9% in April. While the trend is encouraging, the 160,545 cubic metres of plywood imported last month is nearly 60% less than the over 396,000 cubic metres imported in April 2022.

Imports from Vietnam, China, Indonesia, and Malaysia all showed significant improvement, but a further drop of imports from Russia tempered those gains. Total imports for the first four months of the year are down 63% versus 2022, with imports from most major supplying countries down in the 60% to 80% range.

Veneer imports up 9% in April
US imports of tropical hardwood veneer grew 9% by value in April on a spike in imports from Cameroon. Imports from Cameroon rose more than 4,000% and accounted for more than a third of all veneer imports in April. Imports from India, which have been down considerably this year, more than doubled in April.

Imports from Cote d’Ivoire rose 44% in April and are outperforming 2022 by 347% so far this year. Imports from Italy remain volatile from month to month, falling sharply in April. Total imports are up 25% year to year through April.

Hardwood flooring edges up
US imports of hardwood flooring edged up 2% by value in April. Nearly 42% higher than imports from April 2022, hardwood flooring is one of the few areas of consistent growth in 2023. Imports from China and Brazil, which have been lagging so far this year, showed the biggest growth in April, while imports from Indonesia and Malaysia continued to show steady growth. Imports from Indonesia are up over 300% so far this year. Total imports of hardwood flooring are up 15% over last year through April.

Imports of assembled flooring panels fell 10% in April, despite gains from most major trading partners. While imports from the biggest supplying nations all rose—imports from Vietnam up 72%, Indonesia up 18%, and Thailand up 15%—they are all still well below imports from last April and far behind year-to-year imports versus 2022.

A dive into the numbers shows that the April downtick was due to a 35% drop in imports from smaller supplying countries around the world such as Italy and Austria. Total imports of assembled flooring panels remain behind 2022 by 43%.

Moulding imports end slide, gain 11%
US imports of hardwood moulding saw an 11% value gain in April, ending a six-month slide. Imports from Malaysia and Canada both gained more than 10% for the month. Imports from China, which fell sharply in March, quadrupled in April to recover, while imports from Brazil continued downward, dropping by nearly 50% for a second month in a row. Total imports are down 33% so far this year versus last year.

Wooden furniture imports gain on surge from China and Vietnam
US imports of wooden furniture ended their skid in April on stronger numbers from China and Vietnam. While the US$1.604 billion in April imports was 30% less than April 2022 totals, it was 14% above that of the previous month. Imports from China rose 48% in April and imports from Vietnam rose 41%.

However, even with the gain, imports from the two countries are far behind their April 2022 levels and their 2022 totals through the first four months of the year. Total wooden furniture imports are down 29% so far this year versus 2022.

US cabinet sales down 3.5% in April
According to the Kitchen Cabinet Manufacturer's Association's (KCMA) monthly Trend of Business Survey, participating cabinet manufacturers reported a decrease in sales of 3.5% in April. Sales were up by 8.6% for April 2023 compared to the same month in 2022.

The survey reported that compared with the previous month custom sales were down 23%, semi-custom sales were up 8.2% and stock sales were down 7.1%. Compared with April 2022 custom sales were up 2.5%, semi-custom sales were up 20.4% and stock sales were down 17.2%

In an analysis by Woodworking Network, economic concerns combined with ongoing labor and supply chain issues are leaving cabinet manufacturers with a cautious outlook for 2023 of flat or small gains compared to the year prior.




LM       Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS        Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR           French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF        Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot              Price has moved up or down
Source:ITTO'  Tropical Timber Market Report