US exports 136.8 mmbf of hardwood lumber in January 2014, a 22% year-over-year increase; shipments to China climb 52%, volumes to UK advance 27%
April 4, 2014
(Industry Intelligence Inc.)
– The U.S. exported 136.8 million board ft. (mmbf) of hardwood lumber in January 2014, a 22% increase over the January record set last year, Woodworking Network reported on April 3.
Compared to January 2013, shipments to China were up 52%, while volumes to the U.K. increased 27% and exports to Vietnam increased by 19%. Canada was the only market in the top five to show a decline - of 12%.
A number of exporters' order files are booked into May, often with prices to be determined at time of shipment, reported Woodworking Network. A number of buyers are seeking substitute species from other parts of the world as prices increase, but many have been unable to find lower-cost replacements due to tight global supply.
The primary source of this article is Woodworking Network, Lincolnshire, Illinois, on April 3, 2014. The original article can be viewed here.