HS Code:
The category 'Not surface covered, or surface covered with a clear or transparent material which does not obscure the grain, texture or markings of the face ply' typically refers to plywood, veneered panels, and similar laminated wood products under HS Code 4412. These products are characterized by their natural wood appearance, where the surface treatment (if any) does not hide the inherent grain or texture of the wood. This category is widely used in construction, furniture manufacturing, and interior design due to its aesthetic appeal and structural properties.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU agreements)
Rising demand for sustainable and certified wood products
Increased market share for exporters with certified sustainable practices, while non-compliant suppliers face restrictions
2021-2022
Shift towards lightweight and engineered wood products
Growing competition from alternative materials, impacting traditional plywood demand in some regions
2020-2022
Supply chain disruptions due to geopolitical tensions
Reduced exports from Russia due to sanctions, leading to supply shortages and price increases in Europe
2022
The EU introduced stricter regulations requiring proof of deforestation-free supply chains for wood products, including plywood under HS 4412.
June 2023
Exporters from tropical countries like Indonesia and Brazil may face higher compliance costs, potentially reducing competitiveness.
Negotiations between the US and China have led to a temporary reduction in tariffs on certain wood products, boosting Chinese plywood exports to the US.
March 2023
Increased trade volume from China, affecting domestic US producers and other exporters.
Russia imposed restrictions on raw timber exports to encourage domestic processing, impacting the supply of plywood raw materials globally.
January 2022
Reduced availability of Russian plywood in European markets, driving up prices and shifting demand to other suppliers.