US hardwood flooring imports tumble

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ITTO/Fordaq
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US imports of hardwood flooring came back to earth in June after a record showing in May. Imports declined 21%, mostly due to a steep drop in imports from lower-volume supply countries such as Vietnam and a 7% drop in imports from Malaysia.

Imports from the top US trading partners either stayed level (Brazil down less than 1%) or improved (Indonesia up 70%, China up 10%). Total imports are ahead of last year 14% through the first half of 2022.

Imports of assembled flooring panels gained 6% in June. Imports from Brazil more than doubled while imports from Indonesia grew by 70%. This was offset to some degree by declines of around 20% in imports from China and Thailand.

Total imports of assembled flooring panels are up 57% through the first half of the year as imports from Brazil are more than double that of 2021 so far and imports from Thailand are up more than fourfold.

Moulding imports remain flat

Imports of hardwood mouldings rose a modest 2% in June. Imports from Brazil and China rose sharply to rebound from weak May numbers. Imports from top supplier Canada did just the opposite, falling 15%, continuing an up and down pattern we’ve seen all year.

Despite the volatility by countries each month, imports are up sharply among all suppliers year to date. Through the first half of the year, total imports are ahead by 38% over 2021 with imports from Brazil up 86%, China up 54%, and Canada up 36%.

Wooden furniture imports retreat

After setting an all-time record in May, US imports of wooden furniture fell by 7% in June. Despite the retreat, the US$2.33 billion of goods imported was more than 5% higher than the previous June and among the strongest months ever.

Imports fell from nearly every major partner with imports from India, Malaysia and Vietnam seeing the steepest declines. Still, total imports of wooden furniture are up 10% through the first half of 2022 with all major trading partners ahead of 2021 totals.

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