US exports of hardwood lumber sees continued increase in both volume and value compared to the previous year during the first quarter of 2018 according to calculations of the US Department of Agriculture, Foreign Agriculture Service (FAS). This is mostly attributed to export increases of white oak and walnut to Asia pushed volume up slightly to 1.073m m³ as well as a considerable 4% increase in total value to US$652.9m.
The East Asia sales region see a 2% increase in volume to 609,795m³ while value increased 6% to US$398.0m compared to the same time last year. White oak volume increased at an above-average rate of 18% to 74,615m³ while value raised 21% to US$52.3m.
Walnut’s performance in the export market is even more significant and also reflects the persistence of price increases of US suppliers that went on for some time. The volume and value of exports to the East Asia region climbed 12% to 26,167m³ and by 27% to US$39.4m respectively.
Above-average increases are also recorded for western red alder at 13% in both volume and value to 42,911m³ and US$17.3m. For cherry, at 42,541m³, a 4% fall in export to East Asia is recorded but value increased by 3% to US$36.1m nonetheless.