Half of all US hardwood lumber exports in the first six months of this year were shipped to China, accounting for 51 percent share and up 16 percent in value compared to January-June 2015. Exports to the European market are also up by 13 percent in volume and 7.5 percent in value.
Demand from some Southeast Asian countries eased but shipments to Vietnam increased by three percent, and the country remains the third largest export market after China and Canada. This can be attributed to the continuing success of its furniture export industry as well as strong demand at home.
The total value of exports to Southeast Asia in the first half of 2016 is US$110 million. The top four species exported to Southeast Asia are white oak, tulipwood, walnut and red oak.
In Vietnam, demand for tulipwood now is now higher than that for white oak, and demand for these two species are much higher than that for all other species. Also in Vietnam, the demand for hickory showed strong growth while demand for ash and red oak is increasing. Exports of walnut increased on the whole and the volume exported to China, in particular, has risen by 42 percent this year.