HS Code:
The category 'Fully sanded on at least one face, but not further processed' typically falls under HS Code 4407 or a related subheading, depending on the specific type of wood or product. This category generally includes wood products, such as lumber or panels, that have been sanded on at least one surface to achieve a smooth finish but have not undergone additional processing like coating, laminating, or shaping. These products are often used as raw materials in construction, furniture manufacturing, or other industrial applications. The category is significant in global trade due to the widespread demand for semi-processed wood products in various industries.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$1.3 billion USD
25% of total trade of total trade
Increasing
$900 million USD
17% of total trade of total trade
Stable
$750 million USD
14% of total trade of total trade
Increasing
$600 million USD
12% of total trade of total trade
Stable
$500 million USD
10% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
15% (imposed by certain developing economies for protecting local industries)
Lowest Rate
0% (under free trade agreements like NAFTA/USMCA or EU single market)
Rising demand for sustainable wood products
Increased preference for certified wood products has boosted trade from countries with strong sustainability practices, such as Canada and Sweden.
2021-2022
Impact of global supply chain disruptions
Delays in shipping and higher transportation costs have led to regional shifts in supply, with buyers sourcing more from nearby exporters.
2020-2022
Growth in construction sector in Asia-Pacific
Increased demand for semi-processed wood in countries like China and India has driven export growth from North America and Europe.
2019-2022
The European Union has introduced stricter regulations on wood imports to combat deforestation, requiring traceability and sustainability certification for products like those fully sanded on at least one face.
June 2023
Exporters without robust certification systems may face reduced market access to the EU, while compliant countries could see increased demand.
Ongoing trade disputes have led to fluctuating tariffs on wood products, affecting the flow of semi-processed wood from North America to Asia.
Throughout 2022
Higher costs for Asian importers and potential shifts to alternative suppliers in Europe or South America.
The conflict has disrupted wood exports from Russia, a key supplier, leading to supply shortages and higher prices globally.
February 2022 onwards
Increased opportunities for other exporters like Canada and Sweden to fill the gap, though at higher logistical costs.