Demand for floor furniture in the first half of the year increased the shortage of timber supply in North America

With the popularity of European and American home decoration styles in China, North American wood has quickly become the darling of China's high-end home market. According to statistics, in the first three months of this year, American hardwood exports were 337,097,551 boards (about 795,000 cubic meters), global exports increased by 6.5% year-on-year, Chinese imports increased by 22.6%, and offshore prices increased by 31.3% over the same period. Rubber exports 71,191,176 board scale (about 168,000 cubic meters), China imported US red oak accounted for 57.78% of the total US exports.

The reporter interviewed Tom Inman, chairman of the Appalachian Hardwood Manufacturers, Inc. (AHMI), who visited China. Mr. Tom Inman said that the current shortage of timber supply in North America is mainly due to both production capacity and demand.

In terms of production capacity, the hardwood production capacity in North America in 2012 was 6.5 billion kibs. In 2013, it is estimated to be around 7 billion kibs. Although it has improved slightly, it is the highest year of supply of 14 billion kibs per year compared with 2005-2007. Production capacity has been reduced by 50%, which is a very amazing data for global wood buyers.

In terms of demand, European and American styles of home furnishing have become popular in recent years, and high-end furniture of North American materials and high-end flooring of North American materials have been favored by the market. At the same time, due to the official entry into force of the Lacey Act amendment, the demand for North American timber with legal sources has increased substantially globally. 80% of the wood produced in the United States is used to supply the domestic market in the United States, while the domestic demand market in the United States has become increasingly active as the economy has gradually improved, and demand for major timbers has risen differently. American furniture and flooring manufacturers are optimistic this year, especially for floor manufacturing companies, from south to north, crazy goods, mainly concentrated in the United States red oak, American pecans.

In the first half of the year, the Chinese flooring market, especially the high-end solid wood flooring market dominated by North American wood, also showed a trend of obvious warming. The reporter visited the billet market and found that a sales blowout appeared in January-May. In this case, the reporter also deliberately confirmed to Mr. Qian Xinmin, the general manager of the Appalachian Hardwood Industry Association's sole member of the Chinese flooring industry, Mr. Qian Xinmin. The person in charge of the company also revealed to reporters that due to the early stocking at the beginning of the year, the current production and price of timber flooring in North America have not been greatly affected. However, with the large consumption in the first half of the year, the price will increase slightly in the second half of the year.

Mr. Tom Inman also told reporters that although North American timber supply is temporarily unable to meet current demand, North American timber still dominates in terms of wood reserves and capacity, and maintains a growing trend every year. Among the North American woods produced, the popular American red oak and American pecans also accounted for a large proportion, reaching 25% and 7% respectively. The Appalachian Hardwood Industry Association and American wood manufacturing companies will also Strive to meet the needs of the Chinese market.

Through an interview with Mr. Tom Inman, President of the Appalachian Hardwood Industry Association, it is clear that North American wood can be said to be experiencing two days of ice and fire. On the one hand, there is an increasing demand. In addition to meeting the needs of the United States, high-quality North American timber has always been the darling of the high-end furniture market in Europe and the United States, and the demand for high-end solid wood flooring in China has sprung up, indicating that North American timber has been consumed by China. On the other hand, the supply of upstream supplies is insufficient. This combines the economic policies of the United States, industrial policies, and irresistible bad weather factors. To improve this situation immediately, it is not possible to do it overnight.

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