DHA® eNews - U.S. Imports Of Vietnamese Hardwood Plywood Surge As Their Prices Plummet
U.S. imports of hardwood plywood from Vietnam and Indonesia increased as imports from China fell by 50,000 to 100,000 cubic meters per month. Vietnam's export volume rose by 25,000 cubic meters per month but their prices into the U.S. dropped below the world average for the first time.
There are now 867 direct foreign investment companies operating in the wood industry in Vietnam, with total capital of $5.5 billion. 63% are funded by investors from China, South Korea, and Japan.
The American Kitchen Cabinet Alliance, comprised of domestic cabinet manufacturers, has filed a trade case addressing China’s manipulation and unfair trade practices at the Department of Commerce and International Trade Commission. Chinese exports of kitchen cabinets into the U.S. market are up by more than 75 percent since 2015 and have injured the domestic industry.
After a two-year undercover investigation, the Environmental Investigation Agency has shown that a "Burmese teak kingpin" conspired with and bribed senior military and government officials throughout Myanmar. He created a corrupt system of fraudulent trade that ran inside and outside the Myanmar Timber Enterprise, a state-owned company that has a monopoly on the country's logging and timber trade.
The Decorative Hardwoods Association® 98th Annual Meeting and Spring Conference will be held in Santa Rosa, CA from Sunday, May 5 to Tuesday, May 7. This year's spotlights: international trade, growing your market share, and on-trend design choices. We will also honor Gary Gillespie's many contributions to the industry.
Experts estimate that the market for kitchen and bath materials has reached $158 billion, up 7.5% from 2016, and accounts for about 25% of the residential construction market.
All-white kitchens are out, natural touches are in, and designers are choosing wood for countertops.
Trends spotted in this year's Kitchen & Bath Industry Show include darker tones and engineered surfaces inspired by natural and industrial materials. Navy and white cabinets continue to be popular. An emerging trend: wood-look countertops.
Adding natural wood elements into bathroom design creates a warmer, more inviting space.
A new review of wood dust health studies confirms the reasons for continuing the occupational limit of five milligrams per cubic meter of inhalable dust.
Geneticists researching renewable resources discovered that the DNA responsible for forming growths is identical to the genes in humans that form cancerous tumors.