U.S. imports of hardwood plywood grew by 25%, according to the Decorative Hardwoods Association.

Through November of last year, imports of hardwood plywood grew by nearly 25% in value to more than $2 billion and almost 8% in volume to more than 3.1 billion square feet. These dramatic increases follow a 35% growth in volume in 2021. Indonesia and Vietnam drove growth in 2022, as the value of imports from Indonesia increased by a whopping 55% and imports from Vietnam grew by 33%.