US imports of tropical hardwood veneer continued to rally, rising by 40% in July after improving 76% in June. Yet, there is still much more ground to make up after imports cratered in May, as ITTO reported.
Despite the gains, July imports were still down about 50% from the previous July’s figures, while year-to-date imports are down by 30%.
Import volume was particularly volatile in July with imports from Ghana and Cameroon nearly disappearing while imports from Italy almost doubled and imports from China grew by more than 850%.
Year-to-date imports from Cameroon are double what they were last year, while imports from most other nations are down by more than one-third.