Exports of US hardwood to South-East Asia and Greater China markets kept up the momentum in the first month of 2017, with an exports value reaching US$208 million, an increase of 37.5% (YoY), which accounted for 63.4% of all global exports.
Greater China market continued to soar at 40.6% in January of 2017 to US$178 million. SEA markets rose for the first time since May 2016, an increase of 21.4% to US$29.7 million compared to the same period of time.
The world value of global exports of US hardwood was US$329.5 million, up 21.4% compare to the first month of 2016. Greater China & Southeast Asia contributed 54.3% & 9% to the global exports respectively.
The export value of hardwood lumber to China increased by 26% to US$129 million, whereas log to China increased by 116% to US$44 million in comparison to January 2016. The exports value of hardwood plywood came to our attention that its value jumped over 24 times to nearly US$1.6 million compare to the same period of time which was 40% of the whole year of 2016 and was exceed the total value of the whole year of 2014 and 2015. Hardwood veneer to China continued to fall at 38% to US$0.59 million (YoY). China accounted for 58.7% of US global exports of lumber, 61.4% of US global exports of log and 20.7% of US global exports of plywood.
Southeast Asia markets rose for the first time since May 2016, an increase of 21.4% to US$29.7million in which over 77% was contributed by Vietnam, the second largest market in SEA&GRCH. Vietnam grew at 32.8% to US$23 million (YoY). Malaysia and Indonesia also grew at 18.6% and 13% to US$2.5 million and US$2.6 million respectively. Other marke