NEWS

What is the fastest-growing hardwood tree?

Answer: The Royal Empress Tree, native to China but also now present in North America, can grow an incredible 15 feet a year.

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In 2021, Brazil's plywood exports grew by 5.1% to reach 2.8 million cubic meters. The value of those exports soared to nearly $1.2 billion, up by a whopping 85%, as the average price jumped 76.1% to $428.40 per cubic meter. The U.S. accounted for 42.8% of Brazil's total plywood exports.

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Despite the pandemic, China's wood-based panel industry quickly resumed production in 2020, increasing total output by 1%. A key driver: the increase in the production of plywood, which rose by 12% to 256 million cubic meters.

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Fordaq: China: 2020 output of wood-based panels

U.S. Customs and Border Protection issued an affirmative determination that U.S. Cabinet Depot has been evading the antidumping and countervailing orders on wooden cabinets, vanities, and components from China. The Kitchen Cabinet Manufacturers Association said the decision is a huge win for the U.S. domestic industry. The case began with an anonymous tip.

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The U.S. House of Representatives has passed the America COMPETES Act to improve U.S. competitiveness with China. The legislation includes provisions from the Leveling the Playing Field 2.0 Act that would make it quicker and easier for U.S. companies and agencies to counter circumvention and illegal subsidies. Coalitions that include several DHA plywood and engineered wood flooring member companies support the new trade rules.

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