According to the International Tropical Timber Organization (ITTO), in February, Japan’s overall year-over-year imports of plywood dropped 17%. When compared to January’s import volumes it was down 12.5%. There was a 50% drop in both year-over-year and month-over-month on panels imported from China. However, Japan’s major sources for plywood panels are Indonesia and Malaysia and they declined 15% in February. Japan was not particularly impacted by the COVID-19 virus in February, which is leading to concerns that both construction and home building sector were starting to slow-down.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.