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

Report from North America

 Sawn tropical hardwood imports edged down in May
US imports of sawn tropical hardwood fell 4% in May after two consecutive months of growth. The 15,681 cubic metres imported in May was 43% below the volume from May 2022. Imports from Brazil, the leading trade partner, rose 8%, but that gain was more than offset by declines in imports from Malaysia (down 7%), Indonesia (down 20%), and Cameroon (down 36%).

Imports from nearly all trading nations remain down sharply through the first five months of the year. Imports of Ipe rose 70% in May to reach their highest level of the year; however, they still came short of last May’s volume by over 37%. Imports of Sapelli and Keruing both declined 13% in May.

Keruing and Cedro are the only woods being imported at a greater rate in 2023 so far than last year, while imports total less than half of last year’s amount of Ipe, Virola, Meranti, Jatoba, Iroko, and Annigre through May. Overall imports remain down 41% versus last year so far this year.

Canada’s imports of sawn tropical hardwood fell by more than a quarter for the second straight month in May, declining 30% to their lowest level in 20 months. Imports of Mahogany fell sharply while imports of Sapelli fell more modestly but were at less than a quarter of their May 2022 level. Overall imports, which had led those of 2022 for the first four months of the year, are now behind by 14%.

Hardwood plywood imports gain on increases from Russia, China
US imports of hardwood plywood rose 36% in May, rising for a third consecutive month. The 218,862 cubic metres of plywood imported last month is the highest volume month so far this year, but still was only about two-thirds that of the previous May.

Imports from Russia bounced back, rising more than eight-fold in May while imports from China rose by 70%. Despite the upward trend, total imports for the year so far trail 2022 by 58% with volume from nearly every trade partner (besides Ecuador) down by more than half.

US veneer imports up 9% in April
US imports of tropical hardwood veneer also rose for a third straight month, growing 6% by value as imports from Cameroon remained strong. Imports from Cameroon, which had surpassed US$1 million in April for only the second time in the last eight years, rose an additional 9% in May. Imports from India also made a strong gain in May, returning to January levels after several slow months. While imports from Ghana and Cote d’Ivoire both fell in May, year-to-year imports from both counties are up sharply through May. Total imports lead last year by 21%

US hardwood flooring imports off 3%
US imports of hardwood flooring fell slightly in May, declining 3% by value from the previous month. May imports were 10% below that of last May as imports from Brazil dropped 50%. Imports from Indonesia and Malaysia were also down, falling 33% and 23%, respectively, imports from China rose 40%. Imports from Brazil so far this year are now less than half the total of this time last year. Overall imports of hardwood flooring are up 8% over 2022 year to date.

Imports of assembled flooring panels rose 8% in May with imports from Brazil, Thailand, China and Vietnam all showing strong gains. Imports from Brazil are up 40% over last year through May while imports from other major supplying countries are down sharply. Total imports of assembled flooring panels are down 41% versus last year through May.

Moulding imports gain 30%
US imports of hardwood moulding had their strongest month of 2023 so far in May, rising 30% by value from the previous month. Imports from Brazil rose 92% in May while imports from Malaysia rose 60%.

After several weak months to start the year, imports have now risen for two consecutive months.

May imports were less than those of the previous May by 21% while year-to-year imports are down 30% through the first five months of the year.

US wooden furniture imports gain in May
US imports of wooden furniture had their strongest month since January, rising 8% in May for a second consecutive monthly gain. Despite the gain, the US$1.74 billion in May imports was 30% lower than May 2022 totals.

Imports from China and Vietnam continued to rebound with imports rising around 15% from both countries. Imports from Canada rose 1% for the month and have remained steady all year as year-to-date imports from Canada are up 2% over last year through May.

Total imports are down 29% from last year through the first five months of the year.

US cabinet sales down 7.8% in May
According to the Kitchen Cabinet Manufacturer's Association's (KCMA) monthly Trend of Business Survey, participating cabinet manufacturers reported a decrease in sales of 7.8% in May. Sales were up by 6.1% for May 2023 compared to the same month in 2022.

The survey reported that compared with the previous month custom sales were up 2.3%, semi-custom sales were down 15.3% and stock sales were up 7.1%. Compared with May 2022 custom sales were up 16.6%, semi-custom sales were up 11.3% and stock sales were down 20.1%


US cabinet demand forecast to rise to US$20.9 billion in 2026
Demand for kitchen cabinets in the US is forecast to rise 2.9% annually to $20.9 billion in 2026, according to the "US Kitchen Cabinets Market 2023-2026" report from

This represents a deceleration from the 2016-2021 period as new housing construction and home remodeling normalises following exceedingly high levels in 2021, and prices for materials used in the construction of cabinets (such as wood) recede from inflation- and supply chain-related highs in 2021 and 2022.

The gain will be supported primarily by homeowners investing more money into kitchen renovation projects and opting for more high-end materials, in conjunction with interest among homeowners in using cabinets as both aesthetic and functional elements of their kitchens.


Trending: Celebrities on social media bragging about the wood in their homes
When it comes to wood, celebrities are obsessed, at least that’s what viewers have gleaned from tours of their homes.

Since 2012, Architectural Digest has taken the masses inside celebrity homes through its “Open Door” series. In doing so the series inadvertently amassed, what Los Angeles comedy writer and director Karolyn McKenzie calls “celebrity wood brags,” distinct origial stories owners tell about the reclaimed wood in their homes.

The fascination with celebrity ‘wood brags’ has gained traction on social media platforms like TikTok, where users like McKenzie have compiled videos highlighting the numerous instances of famous individuals expressing their admiration for wood during house tours. With millions of views, these videos have struck a chord with viewers who find humor in the specific and often extravagant origins of the wood featured in celebrity homes.

The popular videos feature celebrities such as tennis legend Serena Williams as well as actors and entertainers like Maggie Gyllenhaal, Kirsten Dunst, Peter Sarsgaard, Michael Imperioli and RuPaul.




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