The American Hardwood Export Council has released data showing that total exports of US hardwood lumber to India reached a value of US$1.822 million for a volume of around 3,200 cubic metres during the first three quarters of 2019, with red oak sawnwood accounting for nearly a 25% of all exports to India.
The total value of American hardwood lumber and veneer exports top USD 5.272 million in the first three quarters of 2019.
As the leading international trade association for the American hardwood industry, the American Hardwood Export Council (AHEC) has closely observed the Indian market’s growing acceptance of hardwood, especially American red oak.
India is known as an importer of logs primarily but changes in the market structure and regulations has encouraged a growing interest in sawnwood imports. India’s imports of US hardwood logs for the first nine months of 2019 fell by around 50%.