NEWS

Decorative Hardwoods Association published a letter commending Congress for moving forward with legislation to increase U.S. competitiveness and address China's abusive trade practices, and specifically requesting that the legislation include the Leveling the Playing Field Act 2.0.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XV, Issue III: Congress Passes New Trade Rules To Counter China's Trade Practices | U.S. Cabinet Importer Caught Evading Duties | How China Increased Plywood Production By 12% | Brazil's Plywood Exports Grow By 5.1%

What is the fastest-growing hardwood tree?

Answer: The Royal Empress Tree, native to China but also now present in North America, can grow an incredible 15 feet a year.

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In 2021, Brazil's plywood exports grew by 5.1% to reach 2.8 million cubic meters. The value of those exports soared to nearly $1.2 billion, up by a whopping 85%, as the average price jumped 76.1% to $428.40 per cubic meter. The U.S. accounted for 42.8% of Brazil's total plywood exports.

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Despite the pandemic, China's wood-based panel industry quickly resumed production in 2020, increasing total output by 1%. A key driver: the increase in the production of plywood, which rose by 12% to 256 million cubic meters.

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Fordaq: China: 2020 output of wood-based panels