HS Code:
The 'Of maple (Acer spp.)' category, typically classified under HS Code 4407.91 for maple wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm, and related subcategories, encompasses products made from maple wood. Maple is a hardwood prized for its durability, fine grain, and aesthetic appeal, making it a popular choice for furniture, flooring, musical instruments, and specialty wood products. This category is significant in global trade due to the high demand for maple in construction and design industries, particularly in North America and Europe.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 550 million
45.8% of total trade of total trade
Increasing
USD 400 million
33.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
USD 60 million
5.0% of total trade of total trade
Decreasing
USD 50 million
4.2% of total trade of total trade
Stable
Average Rate
3.5%
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA)
Growing demand for sustainable and certified wood products
Increased preference for maple with verified sustainable sourcing, driving up prices for certified products
2021-2022
Rising use of maple in luxury furniture and interior design
Boosted exports to high-income markets in Europe and Asia, particularly for premium-grade maple
2020-2022
Fluctuations in supply due to climate change impacts
Reduced maple harvests in certain regions of North America, leading to supply chain disruptions and price volatility
2019-2022
Revised tariff exemptions under the USMCA have facilitated increased trade of maple products between the US, Canada, and Mexico, reducing costs for exporters.
January 2023
Expected to boost North American maple trade volume by 5-7% in 2023
The EU implemented stricter regulations requiring proof of deforestation-free supply chains for wood imports, including maple, starting in 2023.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume to Europe by smaller producers
Adverse weather conditions in key maple-producing regions of Canada led to a 10% drop in harvest for the 2022 season.
March 2023
Reduced supply has driven up global prices, affecting affordability in key import markets