HS Code:
Densified wood, in blocks, plates, strips, or profile shapes (HS Code: 441300) refers to wood that has been subjected to chemical or physical treatment to increase its density and strength. This category includes products like laminated wood or compressed wood used in construction, furniture manufacturing, and industrial applications. Densified wood is valued for its enhanced durability, resistance to moisture, and ability to withstand heavy loads compared to natural wood.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$250 million USD
20.8% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Increasing
$80 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Growing demand for sustainable building materials
Increased adoption of densified wood in green construction projects due to its eco-friendly properties and certifications.
2021-2023
Technological advancements in wood treatment
Innovations in densification processes have improved product quality, reducing costs and expanding applications in furniture and automotive industries.
2020-2022
Rising raw material costs
Fluctuations in global timber prices have led to higher production costs, impacting export competitiveness in some regions.
2022-2023
The European Union updated its timber regulations to enforce stricter sustainability and traceability requirements for densified wood imports.
January 2023
Non-compliant exporters face market access barriers, while certified producers gain competitive advantage.
A new trade agreement reduced tariffs on densified wood products between the US and China, boosting bilateral trade.
March 2022
Increased export opportunities for Chinese manufacturers and lower costs for US importers.
Finland announced a $50 million investment in advanced wood densification technologies to enhance export capacity.
July 2023
Expected to strengthen Finlandโs position as a leading exporter in the global market.