HS Code:
The category 'Of a thickness exceeding 9 mm' typically falls under HS Code 4412.31, which includes plywood, veneered panels, and similar laminated wood products with at least one outer ply of tropical wood and a thickness exceeding 9 mm. This category is widely used in construction, furniture manufacturing, and industrial applications due to its durability and strength. Global trade in this category is influenced by factors such as raw material availability, environmental regulations, and demand for sustainable building materials.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
15% (applied by certain South Asian countries)
Lowest Rate
0% (under free trade agreements like EU-ASEAN)
Rising demand for sustainable materials
Increased preference for certified plywood products, boosting trade in regions with strong environmental regulations.
2021-2022
Supply chain disruptions due to geopolitical tensions
Delays and increased costs in shipping from major exporters like Indonesia and Malaysia.
2022
Technological advancements in wood processing
Improved quality and cost-efficiency, leading to higher export competitiveness for countries like China.
2020-2022
The European Union introduced new regulations under the EU Deforestation Regulation (EUDR), requiring proof of non-deforestation for wood products exceeding 9 mm thickness.
June 2023
Likely to increase compliance costs for exporters from tropical regions, potentially reducing trade volumes to the EU.
A revised trade agreement reduced tariffs on Chinese plywood products, including those in the 9 mm+ category, as part of broader trade negotiations.
March 2023
Expected to boost Chinese exports to the US market by 10-15% in the next year.
Indonesia launched a national program to certify more plywood producers under international sustainability standards.
January 2023
Strengthens Indonesia's position as a leading exporter to environmentally conscious markets like Europe.