HS Code:
Laminated boards bonded in whole or in part, or impregnated, with synthetic resins fall under specific HS codes related to wood and articles of wood, often categorized under HS Code 4412 (Plywood, veneered panels, and similar laminated wood). This category includes products like plywood, particle board, and fiberboard that are bonded or impregnated with synthetic resins for enhanced durability and resistance to moisture, heat, and chemicals. These materials are widely used in construction, furniture manufacturing, and interior design due to their versatility and cost-effectiveness. Global trade in this category is driven by demand in housing, infrastructure projects, and industrial applications, with significant production and consumption in regions with abundant timber resources or advanced manufacturing capabilities.
Total Trade Volume
Approximately $25 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$6.5 billion USD
26% of total trade of total trade
Increasing
$3.8 billion USD
15% of total trade of total trade
Stable
$2.2 billion USD
9% of total trade of total trade
Increasing
$1.9 billion USD
8% of total trade of total trade
Decreasing
$1.5 billion USD
6% of total trade of total trade
Stable
Average Rate
5-8% ad valorem
Highest Rate
Up to 25% (in certain developing markets with protective policies)
Lowest Rate
0-2% (under free trade agreements like EU Single Market or USMCA)
Rising demand for sustainable and eco-friendly materials
Increased preference for certified laminated boards with low environmental impact, pushing manufacturers to adopt greener production practices.
2021-2023
Growth in construction and real estate sectors in Asia-Pacific
Significant boost in demand for laminated boards in countries like India and Vietnam, driving export growth from major suppliers like China.
2020-2022
Technological advancements in resin bonding
Improved product durability and reduced production costs, making laminated boards more competitive against alternative materials like solid wood or metal.
2019-2023
The US Department of Commerce imposed additional anti-dumping duties on Chinese laminated wood products, citing unfair pricing practices.
March 2023
Increased costs for US importers, potential shift of supply chains to other countries like Vietnam or Indonesia.
The European Union introduced stricter regulations on formaldehyde emissions for laminated boards under the E1 standard, affecting imports and local production.
January 2023
Higher compliance costs for exporters to the EU, benefiting manufacturers with advanced production technologies.
The ongoing conflict has disrupted timber and laminated board exports from Russia, a major global supplier, causing supply shortages and price hikes.
February 2022 - Ongoing
Global price volatility and increased demand for alternative suppliers from North America and Southeast Asia.