ITTO: US plywood imports from Russia more than doubled in August

After four months of decline, US imports of hardwood plywood bounced back in August, gaining 11% over the previous month, according to the International Tropical Timber Organization (ITTO). However, the 302,300 m³ imported was 7.4% less than the previous August.

Imports from Malaysia recovered from a poor July while volumes from Russia somehow managed to more than double in August even as the total dollar value of those imports fell by nearly 30%. Imports from Vietnam and China also showed healthy gains.

Total imports for 2022 are up 27% over last year through to August with most trading partners ahead more than 10%. The exception is imports from Russia, which are down 9% on the year.