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%

LOS ANGELES , April 4, 2014 () – 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.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.