HS Code:
The category 'Containing at least one layer of particle board' (likely under HS Code 4410, which covers particle board, oriented strand board, and similar board of wood or other ligneous materials) includes products such as particle board panels used in furniture, construction, and interior design. These products are manufactured by compressing wood particles with resin under high pressure and temperature, often layered with other materials for added strength or aesthetic appeal. Particle board is widely used due to its cost-effectiveness and versatility, making it a staple in the global furniture and construction industries.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
26.7% of total trade of total trade
Increasing
USD 1.5 billion
14.3% of total trade of total trade
Stable
USD 1.2 billion
11.4% of total trade of total trade
Increasing
USD 900 million
8.6% of total trade of total trade
Stable
USD 800 million
7.6% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries on imports to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU Single Market or USMCA)
Growing demand for sustainable materials
Increased preference for eco-friendly particle board with low formaldehyde emissions and recycled content, driving innovation in manufacturing processes.
2021-2023
Rising furniture production in Asia-Pacific
Significant growth in exports from countries like China and Vietnam due to low production costs and high demand from North America and Europe.
2020-2022
Supply chain disruptions
Global supply chain issues, including raw material shortages and shipping delays, have led to price volatility and reduced trade volumes in some regions.
2021-2022
The European Union introduced new regulations under the E1 standard for formaldehyde emissions in particle board, requiring manufacturers to adapt production processes or face market exclusion.
January 2023
Increased production costs for non-compliant exporters, potential trade shifts towards certified producers.
The United States extended anti-dumping duties on Chinese particle board imports, citing unfair pricing practices that harm domestic producers.
March 2022
Reduced Chinese exports to the US, with potential market share gains for Canadian and European suppliers.
Major particle board manufacturers in Vietnam and Malaysia announced investments in sustainable production technologies to meet global demand for eco-friendly materials.
July 2023
Enhanced competitiveness of Southeast Asian exporters in markets with strict environmental regulations.