US hardwood lumber exports to MENA up 18%
US hardwood lumber exports to the Middle East and North Africa (MENA) totaled $66.25 million in the first three quarters of 2015, up 18% over the same period last year.
The volume of the exported US hardwood lumber hit 81,402m3, according to the American Hardwood Export Council (AHEC). Data released from the United States Department of Agriculture (USDA) reveal an increase in volume of 13% over the same period from the year before.
In addition, direct exports of US hardwood veneers to the MENA region reached a total of $21.96 million during January to September 2015, falling by 3% in comparison to the same period in 2014.
"All signs point to a record year for exports of American hardwood lumber and veneer to the MENA region. Assuming a vibrant last quarter, exports to the MENA region are on track to reach a record high this year and to break the 100,000 m3 mark," remarked Roderick Wiles, director for Africa, Middle East, South Asia and Oceania.
"Overall growth in exports to the region was driven largely by shipments to the two biggest markets in the GCC - Saudi Arabia and the UAE - where construction and renovation activity is extremely buoyant. However, significant increases were also seen in US hardwood lumber exports to Pakistan and Turkey, with the latter being driven, in the main, by increased buying of ash for thermal-modification," he added.
AHEC which will be taking part at ‘Furnex Egypt’ and the ‘Timber in Construction Expo’ (YAF) in February 2016. AHEC will also be hosting educational seminars, which will revolve around educating attendees about the wide variety of American hardwood species as well as their important environmental credentials.
Source: Trade Arabia News/ Edited by Panels & Furniture Asia