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September 24, 2020
American red oak makes inroads into European market
American hardwoods faced a very challenging market conditions that have emerged in the last 18 months. The American hardwood industry was hit first by the introduction of swingeing duties on imports into China during the US-China trade dispute, which led to a sharp decrease in US hardwood exports in 2019. This has been followed by another sharp downturn in export sales during the pandemic. In the US domestic market, house starts have remained quite strong this year, propping up demand for hardwood in the cabinets, flooring and mouldings sectors. However, industrial ...
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