Demand for American Hardwood Remains Strong in China
Despite the widespread effects of the global recession, the amount of American hardwood exports to China not only remains strong, but it continues to climb. Over the past couple of decades, there has been unprecedented growth in China and this growth includes the emergence of the production industries - one of the main industries that require the use of American hardwood and lumber.
Not only is the production for American hardwood increasing continuously throughout the past couple of years in general, but the demand for American hardwood exports in China is also steadily increasing. One of the main things that hardwood is used for in China is furniture production, where production numbers are soaring.
While it is interesting to see that a lot of hardwood is being exported to China and included in China’s production of things such as furniture, another interesting fact is that most of the hardwood is actually being consumed in China as a result of this. China is not using American hardwood to export their products elsewhere, they are using it to produce items that will ultimately stay in China. Although statistics show that China consumes a large portion of the hardwood within their own country, they also re-export the hardwood in products that they make once receiving the export.
Not only is the demand for American hardwood steadily increasing at this point it time, but it is also expected to increase in the near and far future as well. As the demand for hardwood in China increases, the expected rate of exports in China is expected to level off and stay rather constant when compared to the rate of American hardwood imports.
The amount of American hardwood exported to China is climbing so high that it is reaching the levels of the amount of hardwood exported to the European Union. Considering the amount of countries in the European Union, the fact that American hardwood export numbers are catching up to this is incredible. Not only are they a big exporter of hardwood, but the United States is also the biggest lumber exporter in the entire world. They more than double the second highest exporter of lumber, which shows why hardwood is so popular not only in China, but across the world.
While it is true that we are currently in a recession that spans over the entire globe, American hardwood continues to be a strong exporting choice for America and China is considered one of the main importers of this hardwood across the world.