What’s the Story With November 2023 Southern Pine Exports?

The Southern Forest Products Association
January 10, 2024
Category: Finance & Economics
Region: United States, US East

Exports of Southern Pine lumber (treated and untreated) were up 3% in November over October and 10.8% higher than the same month in 2022, according to November data from the USDA’s Foreign Agriculture Services’ Global Agricultural Trade System. Year-to-date exports of Southern Pine and treated lumber through November 2023 continue to run 5% ahead of the same period in 2022. Our international consultants weighed in with the following thoughts on the November 2023 Southern Pine exports. Here are their key takeaways:   Mexico retained its status as the largest export market (by volume) of Southern Pine and treated lumber for the ninth month. …Exports to China continue to follow a cooling trend that started in June… India’s total of SYP imports continues to gain on 2022’s YTD exports… Belize: Trending higher at 87% over 2022… Egypt: Up 61% over the year… 

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