HS Code:
The category 'Other, with both outer plies of coniferous wood' typically falls under HS Code 4412, which covers plywood, veneered panels, and similar laminated wood products. This specific subcategory refers to plywood or similar products where both outer layers (plies) are made from coniferous wood (e.g., pine, spruce, fir). These products are widely used in construction, furniture manufacturing, and packaging due to their strength, durability, and cost-effectiveness. Global trade in this category is influenced by the availability of coniferous wood, manufacturing capabilities, and demand in construction and industrial sectors.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
$1.3 billion USD
25% of total trade of total trade
Increasing
$900 million USD
17% of total trade of total trade
Stable
$750 million USD
14% of total trade of total trade
Increasing
$500 million USD
10% of total trade of total trade
Stable
$450 million USD
9% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like USMCA or EU trade deals)
Growing demand for sustainable materials
Increased preference for certified coniferous wood products, driving trade from countries with strict forestry regulations like Canada and Finland.
2021-2022
Rising construction activities in Asia-Pacific
Higher demand for plywood in countries like India and Indonesia, boosting exports from China and Russia.
2020-2022
Supply chain disruptions due to geopolitical tensions
Reduced exports from Russia due to sanctions and trade restrictions, shifting demand to North American suppliers.
2022
The European Union introduced new regulations requiring all imported wood products, including plywood with coniferous outer plies, to meet stringent sustainability and traceability standards.
March 2023
Increased compliance costs for exporters but benefits countries with established certification systems like Canada and Finland.
Recent negotiations under the Phase One trade deal have reduced tariffs on certain wood products, including plywood, benefiting Chinese exporters targeting the US market.
January 2023
Potential increase in Chinese plywood exports to the US, affecting domestic producers and other exporters like Canada.
Russia, a major supplier of coniferous plywood, faces export challenges due to Western sanctions, leading to reduced trade volumes and higher global prices.
April 2022
Shift in market share to other suppliers like China and Canada, with potential price volatility in the short term.