HS Code:
The category 'Of beech (Fagus spp.), other' under HS Code typically refers to products made from beech wood, excluding specific categories like furniture or veneer. Beech wood, sourced from the Fagus genus, is widely used in construction, furniture manufacturing, and other industrial applications due to its durability, fine grain, and ease of processing. This category includes items such as beech wood panels, moldings, and other processed wood products not classified elsewhere. Global trade in beech wood products is influenced by the availability of sustainable forestry, regional demand for construction materials, and manufacturing capabilities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
USD 80 million
6.7% of total trade of total trade
Stable
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 internal trade or USMCA)
Rising demand for sustainable wood products
Increased trade in certified beech wood products as consumers and regulations prioritize eco-friendly materials
2021-2022
Shift toward engineered wood products
Reduced demand for raw beech wood in favor of processed or composite materials in construction and furniture sectors
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade flows from Eastern Europe affected by conflicts and sanctions, leading to price volatility
2022
The European Union updated its timber import regulations to enforce stricter due diligence on supply chains, impacting beech wood exporters to the EU market.
June 2023
Increased compliance costs for exporters but improved market access for certified suppliers.
A new bilateral agreement reduced tariffs on certain wood products, including beech, to promote trade between the two nations.
March 2023
Potential increase in US imports of beech wood products from China, though sustainability concerns remain.
Romania, a key beech wood supplier, announced investments in sustainable forestry and processing to boost export capacity.
September 2022
Expected to solidify Romania's position as a leading exporter, potentially lowering global prices.