Japan’s plywood supply in February was 489,800 cubic metres, 0.1% more than February last year and 5.0% less than January. This is the first time that the supply dipped below 500,000 cubic metres. Domestic production continued active but the imported plywood supply declined, as ITTO reported.
Softwood plywood production in February was 252,800 cubic metres, 4.1% more and 2.2% more. In this non-structural plywood production was 21,700 cubic metres, 21.8% more and 11.5% more. This is to replace declining imported hardwood plywood for flooring.
The shipment of softwood plywood was 252,600 cubic metres, 6.1% more and 6.9% less in which shipment of nonstructural plywood was 22,600 cubic metres, 26.7% more and 17.3% more.
Demand for structural plywood by precutting companies was busy and for non-structural panel was also active so that the production and shipment are balanced. The inventories were 117,100 cubic metres, 2,900 cubic metres more than January.