HS Code:
Ponderosa pine (Pinus ponderosa) is a major species of pine native to western North America, widely used in the timber industry for construction, furniture, and paper production. It falls under the broader category of coniferous wood and is often classified under HS Code 4407 (Wood sawn or chipped lengthwise, sliced or peeled) or HS Code 4403 (Wood in the rough). Known for its strength, durability, and straight grain, Ponderosa pine is a key export commodity for countries with significant forest resources. Its trade is influenced by environmental regulations, sustainable forestry practices, and demand in construction and manufacturing sectors.
Total Trade Volume
Approximately $2.5 billion USD (for Ponderosa pine and related coniferous wood products)
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$1.2 billion USD
48% of total trade of total trade
Increasing
$800 million USD
32% of total trade of total trade
Stable
$200 million USD
8% of total trade of total trade
Increasing
$150 million USD
6% of total trade of total trade
Stable
$100 million USD
4% of total trade of total trade
Increasing
Average Rate
5-10% (varies by country and specific product classification under HS 4407 or 4403)
Highest Rate
20% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0-2% (under free trade agreements like USMCA or EU trade deals)
Growing demand for sustainable timber
Increased certification requirements and higher prices for sustainably sourced Ponderosa pine
2021-2023
Rising construction activity in Asia-Pacific
Boosted exports to countries like China and Japan for use in housing and infrastructure
2020-2022
Impact of climate change on forest health
Reduced supply in some regions due to wildfires and pest outbreaks, driving price volatility
2019-2023
Revised tariff structures under the USMCA have facilitated increased trade of Ponderosa pine between the US, Canada, and Mexico with reduced duties.
January 2023
Enhanced market access for North American producers, increasing trade volume by 5-7%.
Severe wildfires in 2022 damaged significant Ponderosa pine forests in the western United States, affecting supply chains.
August 2022
Temporary supply shortages led to a 10% price increase in international markets.
China announced incentives for using sustainable timber in construction, boosting demand for certified Ponderosa pine.
March 2023
Expected to increase exports to China by 8-10% over the next two years.