HS Code:
Gang cutting units, typically classified under HS Code 8465.91, are specialized machinery used in woodworking and related industries for cutting multiple pieces of material simultaneously. These units are essential in high-volume production environments, such as furniture manufacturing and construction material processing, where efficiency and precision are critical. They often include multiple saw blades or cutting tools arranged in a gang configuration to process materials like wood, plywood, or composite boards in a single operation.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
USD 60 million
24% of total trade of total trade
Increasing
USD 45 million
18% of total trade of total trade
Stable
USD 40 million
16% of total trade of total trade
Increasing
USD 30 million
12% of total trade of total trade
Stable
USD 20 million
8% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Increased demand for automated gang cutting units
Driven by the need for higher productivity and precision in woodworking industries, leading to a shift towards CNC-integrated systems.
2021-2023
Rising raw material costs
Higher steel and component prices have increased the cost of manufacturing gang cutting units, affecting pricing and profit margins.
2022
Growth in sustainable manufacturing
Manufacturers are adopting eco-friendly designs and energy-efficient technologies to comply with global environmental regulations.
2020-2023
The European Union reduced tariffs on industrial machinery, including gang cutting units, to stimulate imports and support the woodworking sector's recovery post-pandemic.
March 2023
Expected to boost imports from key exporters like Germany and Italy, potentially increasing competition in the EU market.
China introduced export rebates and incentives for machinery manufacturers to strengthen their global market position, including for gang cutting units.
January 2023
Likely to increase Chinese exports, putting pressure on other exporters and potentially leading to price competition.
The United States updated safety standards for industrial cutting machinery, mandating additional safety features on gang cutting units.
September 2022
Manufacturers may face higher compliance costs, which could lead to price increases for end users in the US market.