US exports of hardwood lumber, veneer to Middle East, North Africa in 2013 rise 5% in value year-over-year, to US$90.5M
March 12, 2014
(Industry Intelligence Inc.)
– The value of U.S. exports of hardwood lumber and veneer to the Middle East and North Africa (MENA) region in 2013 rose by 5% in value year-over-year, to US$90.5 million, Construction Week Online in Dubai reported on March 11.
The data comes from the American Hardwood Export Council (AHEC), which said hardwood lumber exports were up by 3% in value to $64.1 million and by 1% in volume to 90,941 m3, compared with 2012.
Compared with 2008, the U.S. hardwood lumber volumes were up by 80%, which AHEC credits largely to growth in the Saudi Arabia market and emerging markets for American hardwood such as Pakistan and Turkey.
An AHEC spokesman is quoted saying the region’s key markets for U.S. hardwood lumber are Pakistan, Turkey, Saudi Arabia, UAE and Egypt, with Turkey proving to be the top customer by value last year. Pakistan imported higher volumes, but at a lower unit value.
The value of direct shipments to the MENA region of U.S. hardwood veneers was up by 9% in 2013 year-over-year, to $26.4 million, though AHEC noted that China and some European countries also ship American hardwood veneers to the region.
The value of U.S. hardwood log exports to the MENA region reached $23.4 million and a volume of 44,643 m3 in 2013.
The primary source of this article is Construction Week Online, Dubai, on March 11, 2014. Click here to view the primary source's full version of the article.