The Decorative Hardwoods Association reports that in the second half of 2022, U.S. imports of hardwood plywood slowed dramatically from the torrid pace in the first half of the year. 

Utilizing data from the U.S. International Trade Commission, the DHA said that in the first six months of 2022, imports soared by 77% in value and 37% in volume; the year ended with total growth of 12% in value, to about $2.1 billion, and a decline of 0.3% in volume. Imports from Russia fell by 34% in volume. Imports from Vietnam slowed, ending the year up by 14% in volume after starting the first half up by 93%.