In October, stagnant to deteriorating economic conditions reduced North American hardwood exports to some markets, and curtailed growth to several others.
Hardwood price increases expected to continue but also to ease during the summer months as hardwood exports to the Pacific Rim increases. U.S. imports of substitute temperate hardwoods will also rise.
Prime Lumber has shipped 600 containers of lumber overseas in 2013, with China its fastest growing market. Hardwood used there is 75% for domestic products, not exports.
Worldwide demand for North American hardwoods climbed faster than supply in October, causing lumber prices to surge. Chinese buyers in the U.S. to secure wood supplies find exporters unwilling to lock in prices.
Surging Chinese demand for furniture, cabinetry, mouldling and flooring lifted U.S. hardwood lumber exports in September. Exports to Mexico and China set records.
The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, has announced its participation in the eighth edition of the Dubai International Wood & Wood Machinery Show (Dubai WoodShow), which will be held from April 9 - 11, 2013 at the Dubai International Convention & Exhibition Centre (DICEC).