HS Code:
The 'Having a face ply more than 6 mm in thickness' category, typically classified under HS Code 4412.32, pertains to plywood, veneered panels, and similar laminated wood products where at least one outer ply exceeds 6 mm in thickness. These products are widely used in construction, furniture manufacturing, and industrial applications due to their strength and durability. This category is critical in global trade due to its application in various industries and the reliance on specific timber resources for production.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
25% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for sustainable materials
Increased preference for certified plywood products, pushing exporters to adopt sustainable forestry practices.
2021-2022
Shift towards alternative materials
Growing use of engineered wood and composites as substitutes due to cost and environmental concerns, slightly reducing demand for traditional thick-ply plywood.
2020-2022
Supply chain disruptions
Global shipping delays and geopolitical tensions (e.g., Russia-Ukraine conflict) have led to reduced supply from key exporters like Russia, driving up prices.
2022
The European Union introduced new regulations requiring all imported plywood to meet stringent sustainability criteria, including proof of legal timber sourcing.
March 2023
Increased compliance costs for exporters, particularly from developing countries, potentially reducing trade volumes to the EU.
The United States renewed anti-dumping duties on Chinese plywood products, citing unfair pricing practices.
January 2023
Shift in market share towards other exporters like Indonesia and Brazil, with potential price increases for US consumers.
Russia imposed temporary export restrictions on raw timber and certain wood products, including thick-ply plywood, to prioritize domestic supply amid sanctions.
October 2022
Significant reduction in global supply, leading to higher prices and supply chain challenges for importing countries.