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US and Canada
Timber and Wood Product Price and Market Report
Report from North America
US and Canadian sawn tropical hardwood imports
Imports from Malaysia more than doubled in June and are ahead of last year by 9% over the first half of the year. Imports from all other major supplying countries were down this year, however June gains in imports from Congo/Brazzaville (up 64%), Cameroon (up 60%), Ecuador (up 44%) and Ghana (up 37%) all helped reduce their deficits.
Imports of Keruing remain strong, growing 91% in June and up 24% over last year through the first half of the year. However, imports of Ipe remain weak, falling 38% in June and down 60% over the first half of the year. Overall imports are down 39% versus last year through June.
Canada saw an even stronger surge as imports of sawn tropical hardwood grew by 78% in June following two months of decline. While imports from Brazil, Cameroon, Ghana and Indonesia all rose sharply for the month, June imports still lagged June 2022 totals by 29%. Through the first half of 2023, total imports are down 18% versus last year.
Hardwood plywood imports gain volume, because of Spain
Veneer imports plunge
Strong gains in imports from Cote d’Ivoire (up 99%) and Ghana (up 82%) made up some of the loss. Despite the weak month, imports of tropical hardwood veneer remain ahead of 2023 imports by 6% through the first half of the year.
Hardwood flooring imports off 3%
For the year to June imports from Brazil are down 59% versus last year. Imports from China are also down more than 50% this year after falling 15% in June. However, imports from Indonesia remain strong—growing 15% in June and more than doubling last year’s total through the first half of the year. Total imports of hardwood flooring are ahead of last year by 6% through June.
Imports of assembled flooring panels grew 12% in June, rising for the
third consecutive month. Imports from top suppliers Canada and Vietnam
both grew by nearly one third, while imports from Indonesia and Thailand
were down 47% and 29%, respectively. Total imports of assembled flooring
panels are down 40% versus last year through the first half of the year.
Moulding imports disappoint
Wooden furniture imports edge down
Cabinet sales rise
The survey reported that compared with the previous month custom sales were up 6.6%, semi-custom sales were up 4.9% and stock sales were down 0.2%. Compared with June 2022, custom sales were up 5.2%, semi-custom sales were down 0.1% and stock sales were down 21.1%.
Tropical Timber Market Report