What a difference a few years makes. Genuine mahogany, once the kingpin of imported species, is now just a tiny blip on the wood markets' radar screen. In November 2003, the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) imposed stricter regulations on mahogany trade by officially listing it on CITES Appendix II. Shipping of genuine mahogany in the form of logs, sawn wood, veneer sheets and plywood, must be accompanied by a CITES Appendix II export permit.
Shipments from Brazil stopped, supplies from Peru and Bolivia dwindled to a trickle and mahogany brought in from Guatemala and Mexico are generally considered to be of inferior quality. The end result is that supplies are down, the price is up, the quality is down and the public seems to be turned off. It's not a pretty picture for most dealers who based the majority of their overall sales on mahogany.