DHA Insights: October 24, 2024
Great news: the revised hardwood plywood standard, ANSI/HPVA HP-1-2024, has been finalized. Now is the time to preorder your hard copies of the full-size or pocket-size standard.
DHA members and trade coalitions have been raising concerns and filing trade cases to counter the dumping of hardwood plywood and engineered wood floors into the North American market at artificially low prices for nearly a decade. Europe is similarly suffering from dumping from China. The EU has opened a dumping investigation against hardwood plywood from China.
As Europe focuses on China, U.S. imports of hardwood plywood from Vietnam have more than doubled to over 415 million square feet in 2024 through August. The Commerce Department recently reaffirmed its conclusion that Vietnam is a nonmarket economy like China. This surge in imports will cause more problems for U.S. manufacturers, as it appears that Vietnamese manufacturers—as anticipated—have found workarounds for last year's circumvention ruling.
If you have questions or comments, contact me. I look forward to hearing from you.
Keith A. Christman, President
Decorative Hardwoods Association