The booming housing economy and furniture manufacturing, and even demand for whiskey are all affecting the surge in hardwood exports to North Asia markets. One in three boards coming off the production line is destined for the People’s Republic of China. Companies nationwide are supplying a variety of hardwood species to customers in China, Korea and Japan.
One third of the U.S. is forested area accounting for 751 million acres, which is second only to Russia’s 766 million acres. In 2017, the U.S. value of industry shipments of wood was $95 billion. Asia markets are depending on a sustainable source of temperate hardwood (ash, cherry, maple, oak, walnut) and the U.S. can increase exports because of careful management of its forests. In fact, the U.S. grows more hardwood each year than it harvests for reliable supplies, according to United Kingdom based International Timber. Moreover, the American Hardwood Export Council (AHEC) confirmed to the AJOT that the U.S. surpassed Russia as the top temperate hardwood exporter to China.