US wooden furniture imports highest since recession
US year-to-May furniture imports were 11% higher than in the January to May period in 2014.
Furniture stores in the US have seen rising sales. Furniture sales were low this spring but May sales signal a firm recovery.
May 2015 furniture retail sales were 5% higher than in May 2014.
Also in this issue
Purchases for Middle Eastern, Indian and EU markets compensate for losses in China
Sarawak first half exports fall 13 percent
New tax incentives in Indonesia, timber sector included
High volume of teak veneer flitch exports From Myanmar raise questions
Brazil to release more forest concessions
China’s first half log imports fall
German timber traders report slow business
US homeownership at record low – a trend that could impact demand for wood products
Manufacturers in Ghana express concern on economy
China’s log imports fall
Source: CAF analysis of China Customs data
In the first half of 2015 82% of China’s log imports came from 8 countries. Log imports from most fell except for those from the Solomon Islands which rose 25% and Australia which were unchanged from a year earlier.
China’s log imports from Japan rose dramatically (52%) in the first half of 2015. The very small quantity of logs from Japan (less than 200,000 cu.m) are used to produce wood-based panels, packaging and pallets.