HS Code:
The category 'Other plywood consisting solely of sheets of wood (other than bamboo), each ply not exceeding 6 mm in thickness' (HS Code: 4412.31) includes plywood products made from thin layers of wood veneer, excluding bamboo, where each layer or ply is 6 mm or less in thickness. This type of plywood is widely used in construction, furniture manufacturing, and packaging due to its strength, lightweight nature, and versatility. It is often categorized based on the type of wood used (e.g., tropical or non-tropical) and the intended application. This product category is a significant part of the global wood products market, driven by demand in housing, infrastructure development, and industrial applications.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
34.6% of total trade
Increasing
USD 900 million
17.3% of total trade
Increasing
USD 600 million
11.5% of total trade
Stable
USD 400 million
7.7% of total trade
Increasing
USD 300 million
5.8% of total trade
Decreasing
Average Rate
8.5%
Highest Rate
25% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-ASEAN or USMCA)
Rising demand for sustainable and certified plywood
Increased market share for exporters with Forest Stewardship Council (FSC) certification, especially in Europe and North America, pushing non-certified producers to adapt.
2021-2023
Shift towards lightweight and engineered wood products
Growing preference for thinner plywood in furniture and modular construction, boosting trade in this specific HS category.
2020-2022
Supply chain disruptions due to geopolitical tensions
Reduced exports from Russia due to sanctions and trade restrictions, leading to increased opportunities for Southeast Asian exporters.
2022-2023
The European Union introduced provisional anti-dumping duties ranging from 7% to 17% on plywood imports from China to protect domestic manufacturers.
March 2023
Expected to reduce Chinese plywood market share in the EU, benefiting competitors like Indonesia and Vietnam.
Indonesia signed new trade agreements with Middle Eastern and African countries to diversify its plywood export destinations beyond traditional markets like the US and Japan.
July 2023
Likely to increase Indonesiaโs global trade volume and reduce dependency on specific regions.
The United States imposed a 50% tariff on Russian wood products, including plywood, as part of sanctions following geopolitical tensions.
April 2022
Significant decline in Russian plywood exports to the US, with buyers shifting to alternative suppliers in Asia.