Canada Remains the Main Supplier of Reconstituted Wood Products into the U.S. as its Share in the Import Structure is Reduced
Products of Wood, Cork, Straw And Plaiting Materials Select June 03, 2016
The U.S. is the global leader in imports of reconstituted wood products, accounting for a 13% share (based on USD). It is followed by Germany (8%) and France (5%). In 2015, U.S. imports of reconstituted wood products totaled 2.39 billion USD, which was 74 million USD (3%) higher than the year before.
U.S. reconstituted wood product imports showed mixed dynamics from 2007 to 2015.
After a significant decline in 2008, imports showed a downward trend until 2011. In spite of the increase in 2013 and 2015, imports failed to recover to the pre-crisis level of 2007.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
Canada was the main supplier of reconstituted wood products into the U.S., with a 62% share of total U.S. imports in 2015. It was distantly followed by China (16%) and Chile (9%). However, while China and Chile strengthened their positions in the U.S. import structure, Canada saw its share reduced.
From 2007 to 2015, the U.S. was a net importer of reconstituted wood products. In 2015, U.S. market of reconstituted wood products ran a trade deficit of 1.99 billion USD, standing at approximately 83% of gross imports.
Source: U.S. Reconstituted Wood Products Market. Analysis And Forecast to 2020
