Exports of US sawn hardwood expanded in first half of 2022

Source:
ITTO/Fordaq
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In January-June, U.S. exports of hardwood lumber expanded to 1.9 million cubic metres, a 12% increase over the same period last year. The value of exports jumped 21% to US$1.3 billion. In first half of 2022, the average price of hardwood lumber expanded 8% to US$679 per m3.

In June, the average price for exported hardwood lumber edged down 0.9% compared to the previous month at US$690 per m3, according to Lesprom. This is 4.9% more than a year ago when it was US$657.

Tropical sawnwood exports increased 10% in volume, from 41,200 m3 in July 2021 to 45,500 m3 in July 2022. In value, exports grew 35% from US$15 million to US$20.3 million over the same period. As for tropical plywood, the volume of exports fell around 20% and in value by 10% from 7,300 m3 (US$4.2 million) in July 2021 to 5,900 m3 (US$3.8 million) in July 2022. The exported value for wooden furniture value fell from US$71.7 million in July 2021 to US$58.1 million in July 2022, a 19% decline.

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