Presentation on theme: "US Hardwood Exports : A Global Perspective. Growing Importance of US Hardwood Exports: Exports as a % of US Production Source: Hardwood Review, Oct 2004."— Presentation transcript:
Value of Hardwood Lumber Exports to Mexico 1996-2004 ($ Thousands F.A.S. value) Source: US Census Bureau
Mexico: Hardwood Import Market Share Source: Global Trade Index
Mexico US exporters are facing stronger competition Canada doubled exports to Mexico up to 6,000 m3 in 2004 Peru, Bolivia and Brazil are exporting tropical lumber More choices than 5 years ago Promotion programs similar to AHEC in smaller scale from other countries
Approximately 700 million square meters of finished construction each year Flooring demand to hit 2.5 billion square meters by 2008 Door and window market to hit 500 million units by 2008 Greater China: Property Development Source: ITTO, August 2004
China Accounted for 20% of Global Economic Growth 2000-2004 Automobile Market Exceeds Germany Largest Mobile Phone Market in the World Estimated 10% of Population with “Middle Class” Purchasing Power. Represents 130 million consumers and growing! Chinese Domestic Market
Greater China: Furniture Sector Furniture Production/Export in China Billion US$ 35.4% growth!
Greater China: Furniture Sector Chinese Furniture Export by Province 2003 (Million US$) Province Guangdong province accounts For over 50% of China furniture exports.
Export Markets for Chinese Furniture in 2004 Greater China: Furniture Sector Exports to US is still ranked number 1 in the first three months of 2004 valued at $ 1.48 billion, increased 23.6% despite the anti-dumping chaos.
Is the Economy Overheating? Real Estate Bubble? Undervalued Currency? Political Stability? Trouble on the Horizon?
Other Markets to Watch Southeast Asia/Vietnam Middle East Latin America India Caribbean **The EU**
US Hardwood Lumber Exports by Volume - 2004 (m 3 ) Under-promoted Markets Source: US Census Bureau
VIETNAM U.S. Hardwood Log, Lumber & Veneer to VIETNAM Million US$ 137% Increase!
Source: Ministry of Agriculture & Rural development (2003) Picture of wood processing factories in VN Economy areaTotal (%) 1. North – West110.9 2. North – East524.3 3. Red river delta18915.8 4. Northern of Danang17014.2 5. Coastal of Southern DN16113.4 6. Highland15312.8 7. South – East area37631.3 8. Mekong delta887.3 Establishment (company – enterprise) 1 2 3 4 5 6 7 8
South America AHEC/AF&PA Korea Office September 2002 Emerging Furniture Industries –13,000 Brazilian manufacturers –U.S. exports of promoted products doubled –Brazil—12 th largest market for veneer Opportunity –High end furniture
Brazilian Furniture Exports ($million US) Source: Global Trade Atlas
AHEC/AF&PA Korea Office September 2002 Tariffs on Sawn Timber have Fallen from 60% to 20% Population of 1 Billion Opportunities –Small Furniture Manufacturers –High End Housing –Commercial Real Estate Challenges –Almost no experience with American hardwoods