NEWS

The value of U.S. imports of engineered wood flooring declined by more than 28% in 2023, also as a result of high inventories early in the year and decreased demand, following dramatic increases in 2021 and 2022. Monthly data shows a similar story to imports of hardwood plywood, with increases in later parts of the year: imports in December grew by 13%.

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Following huge increases in 2021 and 2022, the value of hardwood plywood imports fell by 50% in 2023 due to high inventories at the beginning of the year and lower demand. However, monthly data shows significant increases in later parts of the year: imports in December were 53% higher vs. one year ago. Indonesia and Canada were the largest sources of imports; Vietnam fell to third place after the circumvention ruling.

A Florida couple was sentenced to nearly five years in prison after they confessed to disguising the Chinese origin of millions of dollars' worth of plywood imports to avoid paying $42 million in duties. In addition, the couple was ordered to pay $44 million in duties and fees.

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Decorative Hardwoods Association signed a memorandum of agreement with the U.S. Forest Service and a number of wood industry groups to help document the carbon benefits of wood products. Together, the team will create a USDA-sponsored digital platform with multiple user-friendly tools that will provide transparent, high-integrity forest and wood product carbon data throughout the value chain.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XVII, Issue III: DHA Insights | 54% of Homebuyers Will Pay More For Hardwood Floors | Business Tax Package Makes Progress | Hardwood Industry Asks For $25M To Promote Hardwoods | Hardwood Federation Urges Support For Key Farm Bill Provisions | GSA Chooses Red Oak For Military Vehicles | New Regulations Could Shut Down Permitting | Wood Trivia: Test Your Knowledge