May 13, 2021

DHA eNews - China's Wood Flooring Trade Falls

China's Wood Flooring Trade Falls

China's customs administration reports that the value of wood flooring exports last year dropped 19% to $120 million. China's imports of wood flooring also fell by 8% to $78 million last year.

The U.S. has increased antidumping tariffs on composite wood flooring and tightened regulations on formaldehyde emissions for imported laminate flooring.

EU Eases Restrictions On U.S. Maple Veneer

The USDA has indicated that the European Union will no longer restrict imports of maple veneer from Wisconsin, Michigan, New York, North Carolina, or Vermont.

U.S. Reverses Decision On Vietnam As A Currency Manipulator

The U.S. Department of the Treasury has removed Vietnam from its list of currency manipulators. As a result, the U.S. might not apply related tariffs or other restrictions on imports from Vietnam, a departure from the government's previous stance.

Vietnam Overtakes China As Biggest Exporter Of Furniture To U.S.

Last year, Vietnam shipped more than $7.4 billion in furniture to the U.S., an increase of 31%. China shipped $7.33 billion in furniture to the U.S. in 2020, down 25% from the $9.7 billion shipped in 2019.

China's Plywood Production Capacity Continues To Grow
U.S. Home Builders Want New U.S.-Canada Softwood Deal; U.S. Mills Expand Capacity

Lumber costs for a new single-family home in the U.S. have tripled. Now, home builders are pushing the Biden administration for a new softwood deal with Canada. Under the current agreement, the U.S. imposes duties of nearly 9% on imports of most Canadian lumber.

U.S. lumber companies are continuing to expand capacity as wood prices reach record highs.

Housing Underpins Canada's Economy. What Happens When The Bubble Pops?

The Canadian housing market is rapidly expanding due to very low interest rates, easy access to credit, a preference toward more real estate, and speculation. Remove housing and Canada's GDP contracted 3.5% in the past year.

Study Shows Excessive Tax Burden On Oregon's Forest Sector

The Oregon Forest & Industries Council released a report by Ernst & Young analyzing the total tax burden on the private forest sector. The conclusion: the forest sector pays about 1.5 times more in taxes than other businesses in Oregon.

Capital Testing Provides Enhanced Reporting

Capital Testing (formerly HPVA Laboratories®) now provides high-quality, high-resolution photos and videos of results for some test methods. To find out more, contact the Capital Testing team.

Building Africa's Great Green Wall

Trees for the Future and the Arbor Day Foundation will plant three million trees in Senegal, Chad, and Mali this year as a part of a global effort to create Africa's Great Green Wall. The Great Green Wall will combat desertification in the country's Sahel region, a result of overgrazing, deforestation, climate change, farming, and the steadily encroaching Sahara Desert.

China's Banks Accused Of Funding Global Deforestation

A report from a worldwide coalition of NGOs shows that Chinese-speaking banks are the second largest financiers of commodities that contribute to tropical rainforest deforestation. In just over four years, these banks loaned $15 billion to entities implicated in deforestation in Southeast Asia, Brazil, and Africa.

Northern Forest Fires May Accelerate Climate Change

Researchers believe that current models used to simulate climate change underestimate the impact of forest fires and a drying climate on the world's northern forests. This conclusion is the result of studying 30 years' worth of NASA satellite imaging data on the world's forests.

Forest Fires Are Contaminating More Drinking Water

The increase in forest fires is leading to widespread contamination of entire drinking water systems. Fifty-five percent of America’s drinking water originates from forests.

Source: Ecowatch

Opinion: German Forest Owners Should Just Stop Logging

The president of the German Forest Industries Council is asking the country's forest owners to stop logging, as log prices significantly lag timber prices. He stated that forest owners are the losers in a speculative bubble and should just leave the trees in the forest.

Lessons Learned From The Rush To Reforest
Man Arrested For Illegal Logging In Missouri

An Arkansas resident pled guilty to illegally harvesting 27 walnut and white oak trees from the Mark Twain National Forest in Missouri. The trees, worth more than $20,000, were sold to local sawmills. He faces up to ten years in prison.

Will Designers Incorporate Wood Grain Panels In Rockets?

We may soon see wood grain panels incorporated into rocket design to help improve the mood and wellbeing of astronauts. Scientists are studying the use of wood panels for long space missions, as elements like wood panels have been proven to bring psychological benefits.

VIDEO: The Death Of The American Chestnut

Watch the history of the once-abundant American chestnut and the chestnut blight that all but destroyed it. Researchers are studying possible ways to revive the species.

Cabinet Sales Up 17.9%
Orders For New Furniture Grow 34%
What's Ahead For Architectural Woodworkers
Pending Home Sales Rebound By 1.9%
Housing Prices Rise 11.9%
Housing Share Of U.S. GDP Now 17.6%
Canadian Building Permits Rise 5.7%; Residential Climbs 15.9%
U.S. Consumer Confidence Surges
Wood Quiz: Test Your Knowledge

Where and how old is the longest wooden bridge in the world?

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