New record for US hardwood exports to India
Total value of American hardwood lumber and veneer exported totaled USD 6.448 million in 2019
Last year was a record year for US hardwood exports to India with the value of hardwood lumber and veneer exports totaling USD 6.448 million, according to the American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry. The statistics, which have been compiled from the latest data released by the United States Department of Agriculture (USDA), were announced at the opening of Indiawood, which is due to run until March 2 at the Bangalore International Exhibition Center.
With India making positive progress towards fulfilling its potential as a major market for U.S. hardwoods, AHEC is participating at Indiawood with an American hardwood pavilion, which includes several U.S.-based hardwood and veneer exporters. AHEC also hosted a seminar last night at the Sheraton Grand Bangalore in partnership with NürnbergMesse India, the organizers of Indiawood. The seminar focused on all aspects of the American hardwood resource, sustainable forest management, production, kiln-drying and the wide range of species available, in addition to new technologies that allow American hardwoods to now be used in exterior and structural applications.
A closer look at the numbers for 2019 reveal that total hardwood lumber shipped from the United States to India increased by 72 percent in value to USD 2.356 million (up from USD 1.369 million in 2018) and by 140 percent in volume to 4,082 cubic meters (up from 1,698 cubic meters in 2018). At the same time, direct exports of American hardwood veneers to the market increased by 4 percent to reach USD 4.092 million. According to AHEC, limited domestic hardwood supplies, coupled with strong sustained growth in the retail furniture, handicraft and hospitality sectors is driving demand for new species, making India an attractive long-term prospective market for US hardwoods.