NEWS

U.S. imports of engineered wood flooring increased by nearly 25% in value and 22% in volume from January–August vs. last year. Now, the largest sources of imports are Vietnam and Cambodia, which have overtaken China. Vietnam, Cambodia, and China comprise 26%, 22%, and 21% of imports by volume, respectively. Imports from Vietnam and Cambodia have increased by 39% and 13% this year, while imports from China have decreased by 5% and remain below 2019–2021 levels.

U.S. imports of hardwood plywood continue to grow dramatically, increasing by 48% in value and 21% in volume. Indonesia is the largest source, with imports up a staggering 74% in value and nearly 27% in volume. Vietnam is the second largest source, with increases of about 63% in value and volume. Despite tariffs of 50% imposed after Russia invaded Ukraine, imports from Russia have increased by 43% in value while volumes declined by about 11%.

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Cabinet manufacturers reported an increase in overall cabinet sales of nearly 24% in September vs. one year ago. Year-to-date sales are up nearly 18%. Sales in September were down slightly from August.

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KCMA: September Trend of Business Report

DHA presented at the Western Hardwood Plywood Producers' fall meeting on recent developments in international trade and the market opportunities created by the carbon-reducing materials provisions in the Inflation Reduction Act. DHA highlighted the benefits of engineered wood flooring at the 2022 PID Floors Environmental Roundtable Discussion and the 2022 NWFA Wood Flooring Manufacturers Assembly. 

The Office of the U.S. Trade Representative is requesting comments for their four-year review of the Section 301 tariffs on Chinese imports—including the 25% tariffs on hardwood plywood and engineered wood flooring. Coalitions representing some of DHA's members will be commenting in support of extending these tariffs to address unfair trade practices by China.

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