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October 12, 2017
Plywood market in Japan is finally stable; producers record profits
Japan’s plywood sector has a tumultuous history marked by price fluctuations and trade imbalance. Also, the price-sensitive commodity faces competition from imports, which used to account for over half of the market share. Many of the competition comes from South Sea hardwood and Russian larch logs. Up until 2015, the industry was hit by oversupply, which local producers tried to resolve by curtailing production. The market has since stabilized, demand has recovered and for the past two years, it has been a sellers’ market with manufacturers enjoying profits. Plywood production ...
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