Southern Pine Exports Fall 2% in November
What’s the Story With November 2024 Southern Pine Exports?
According to USDA’s Foreign Agricultural Service Global Agricultural Trade System, with additional analysis from the Southern Forest Products Association (SFPA), Southern pine exports (both treated and untreated) are running 10% ahead of 2023 year-to-date in November.
On a monthly basis, Southern pine lumber exports fell 15.3% year-over-year and declined 2% month-over-month in November. November’s total of 39.8 MMBF was the second lowest of the year, following January’s 37.9 MMBF.
Softwood imports also declined, down 2.4% from November 2023 and 4% from October. Year-to-date, softwood imports are 2% behind the first 11 months of 2023 at 1.1 MMBF.
By dollar value, SFPA reports that Southern pine exports from January to November are 5% ahead of the same period in 2023, reaching $197.3 million. Mexico remains the top market at $54.6 million, followed by the Dominican Republic at $45.7 million and India at $15 million. Treated lumber exports are nearly flat for the year at $122.7 million, led by the Leeward-Windward Islands ($21.2 million), Jamaica ($19 million), and the Netherlands Antilles ($9.5 million).
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.