US hardwood plywood imports fall 21%

US imports of hardwood plywood declined by 21% in November, falling to their lowest level since January 2021. The 220,249 m³ imported was 22.5% less than that of November 2021., ITTO reported.

Imports from Russia, which inexplicably inflated in October, crashed in November falling 90% to their lowest level in nearly 12 years. Imports from Malaysia, Cambodia, China and Vietnam also fell sharply.

Despite the declines, total imports from nearly all trading partners remain ahead of 2021 totals through November. Total US imports of hardwood plywood are up 14% over last year through November.