HS Code:
The 'Other, with at least one outer ply of nonconiferous wood' category typically falls under HS Code 4412.33. This category includes plywood, veneered panels, and similar laminated wood products where at least one outer layer is made of nonconiferous (hardwood) species. These products are widely used in construction, furniture manufacturing, and interior design due to their durability, aesthetic appeal, and versatility. Global trade in this category is influenced by factors such as availability of hardwood resources, manufacturing capabilities, and demand for sustainable and high-quality wood products.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
25% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-ASEAN or USMCA)
Rising demand for sustainable wood products
Increased preference for certified hardwood plywood has boosted trade from countries with sustainable forestry practices like Brazil and Indonesia.
2021-2022
Shift towards alternative materials
Growing use of engineered wood and composites as substitutes for traditional plywood is slightly dampening demand in developed markets like the EU and US.
2020-2022
Growth in construction and furniture sectors in Asia-Pacific
Rapid urbanization and infrastructure development in countries like India and Vietnam have driven demand for nonconiferous plywood products.
2019-2022
The European Union introduced new regulations under the EU Deforestation Regulation (EUDR) requiring proof of deforestation-free supply chains for wood products, including nonconiferous plywood.
June 2023
This is expected to increase compliance costs for exporters like Indonesia and Malaysia, potentially reducing their competitiveness in the EU market.
A partial rollback of tariffs on Chinese wood products, including plywood with nonconiferous outer plies, was agreed upon as part of ongoing trade negotiations.
March 2023
This has led to a resurgence in Chinese exports to the US, boosting trade volume by an estimated 10% in 2023.
Indonesia launched a national initiative to certify more hardwood plywood producers under international sustainability standards to meet global demand.
January 2023
This has strengthened Indonesia's position as a leading exporter, particularly to environmentally conscious markets like Europe and North America.