US tropical hardwood imports soar in July

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ITTO/Fordaq
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US imports of sawn tropical hardwood rose 57% in July, soaring to the highest volume of 2021. A surge in keruing imports for the month led to the rise as keruing accounted for more than 40% of the 12,207 cubic metres imported in July. The 5,425 cubic metres of keruing imported in July was up 404% over June and was the first time in the last 10 years the U.S. had imported more than 4,000 cubic metres of keruing in a single month.

July also saw significant gains in imports of acajou d’Afrique (up 82%), mahogany (up 67%), and meranti (up 45%). Malaysia appears to be the source of the keruing as imports from Malaysia hit a 10-year high, rising 344% for the month to a level more than 3 times that of the previous July.

The record month pushed year-to-date totals for imports from Malaysia from well behind last year to up 18% through July. Imports from Cameroon more than doubled in July, while imports from Brazil and Congo (Brazzaville) were both down more than 20%. Total imports are down 33% for the year so far, but that number is due to the removal of ipe and jatoba totals from the category beginning this year.

When the two species are included, U.S. imports of sawn tropical hardwood are up 21% so far this year versus last year.

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