China’s Plywood Export Plunge in First Quarter of 2020
Original Source:
China’s plywood exports down 85% in 1Q
China’s plywood exports down 85% in 1Q
According to a report issued by the International Tropical Timber Organization (ITTO), China’s plywood exports for first quarter of 2020, when compared to the same period in 2019, suffered a loss of 85% in volume and 82% in value. The main markets for China’s plywood exports are the Philippines, U.K., Japan, the UAE and Vietnam, all which were significantly lower year-over-year. China’s imports of plywood were also down in the first quarter of 2020 by ~80% in both volume and value. China imports plywood from Russia, Indonesia, Malaysia, Vietnam and Japan.
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.