The US hardwood plywood imports declined in February after two consecutive months of growth. February imports decreased 9% to 313,168 cubic metres worth $168.7 million. However, year-to-date plywood imports were 24% higher than in February 2016. Year-to-date imports from Malaysia almost tripled compared to the same time last year, as ITTO reported.
The US imported 192,057 cubic metres of hardwood plywood from China in February, followed by Indonesia with 34,598 cubic metres. Cambodia has become a significant source of US hardwood plywood imports. In February Cambodia shipped 4,457 cubic metres of plywood to the US.
The unit value of imported plywood was highest in February for plywood from Indonesia and Malaysia, and lowest for imports from Russia.