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Global Trends Review

Major trends of the week in the world’s forest industry.

US hardwood plywood imports rose in 2020

February 26, 2021 ` 17:33  
Despite an 18% drop in December 2020, US imports of hardwood plywood ended 2020 up 6% in volume over the previous year. Imports from China were down 35% in 2020 while imports from Indonesia and Ecuador both increased...

U.S. housing starts fall in January 2021

February 20, 2021 ` 19:08  
After reporting a sharp increase in new residential construction in the U.S. in the previous month, the US Commerce Department released a report on Thursday showing housing starts pulled back by much more than expected in the month...

US tropical sawnwood imports plunge in 2020

February 17, 2021 ` 18:31  
The volume of sawn tropical hardwood imported by the US fell by 34% in 2020 from 243,884 m³ in 2019 to 161,179 m³ in 2020. Imports rose 15% in December to 14,687 m³, the highest level since August,...

Rebound in N. American lumber prices

February 11, 2021 ` 18:26  
With February looming, lumber prices popped back up to recover a drop toward the end of January. In the week ending Jan. 29, 2021, the price of benchmark softwood lumber commodity item Western S-P-F KD 2×4 #2&Btr jumped...

Implications of Brexit on demand for tropical wood in the UK

February 5, 2021 ` 18:04  
The long term effects of Brexit on UK imports of tropical wood products are still far from certain. At present, even the short term effects are obscured by the unprecedented disruption to supply chains, shipping operations and markets...

U.S. Housing starts rose to fastest pace since 2006 in December

February 1, 2021 ` 16:45  
U.S. home construction starts rose in December 2020 to the best pace since late 2006 as builders responded to the robust demand for single-family housing. Residential starts climbed by 5.8% to a 1.67 million annualized rate, according to...

Austrian timber companies fined in Romania for unfair competition

January 25, 2021 ` 19:23  
Romania’s Competition Council fined 31 timber producers on the local market for anti-competitive arrangements in the auctions organized during 2011-2016 by the state forest management company Romsilva. The competition body found that 33 companies, out of the 96...

Tropical hardwood imports held steady in October 2020 in U.S.

December 25, 2020 ` 19:33  
Imports of sawn tropical hardwood rose only 2% in October as imports for 2020 continue to lag far below those of 2019, reports ITTO. The 13,491 m³ imported was more than 38% below the volume imported in October of...

Northwest Hardwoods files for bankruptcy

December 3, 2020 ` 18:59  
US’ hardwood timber giant Northwest Hardwoods has filed for Chapter 11 bankruptcy on November 23rd, saying difficulties from trade disputes with China and the weak markets impacted by COVID-19 pandemic had stunted its ability to service more than $420...

US reduces antidumping duties on Canadian timber

December 3, 2020 ` 18:24  
The U.S. Department of Commerce reduced its penalties against imports of Canadian timber, primarily from B.C. producers, in the softwood timber dispute. An administrative review of countervailing and anti-dumping duties reduced the tariffs to an average of 9%...