U.S. Imports Of Hardwood Plywood Surge, But Growth Rate Is Slowing

U.S. imports of hardwood plywood have grown 45% year-to-date through May. However, this is lower than the 60% year-to-date growth through April. In May, imports from Russia dropped to 26 million square feet from an average of more than 51 million square feet per month through April. The skyrocketing growth in imports from Vietnam also appears to have slowed somewhat in May, reaching 108% year-to-date, after surging to 183% year-to-date through April.