HS Code:
The category 'With a face ply of European red pine (Pinus silvestris)' refers to plywood products that have at least one outer layer made from European red pine, also known as Scots pine. This type of wood is widely used in construction, furniture, and packaging due to its strength, durability, and attractive grain. Classified under HS Code 4412 (Plywood, veneered panels, and similar laminated wood), this subcategory is significant in global trade for its application in both structural and decorative purposes. European red pine plywood is primarily sourced from regions with abundant coniferous forests, particularly in Northern and Central Europe.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$320 million USD
26.7% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$120 million USD
10.0% of total trade of total trade
Decreasing
$90 million USD
7.5% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain Asian markets)
Lowest Rate
0% (under EU free trade agreements and WTO commitments)
Growing demand for sustainable materials
Increased preference for certified European red pine plywood in construction and furniture sectors, driving exports from countries with strict forestry regulations like Finland and Sweden.
2021-2023
Rising construction activities in Asia-Pacific
Higher imports of plywood products in countries like China and India, creating opportunities for European exporters despite tariff barriers.
2020-2022
Impact of geopolitical tensions
Trade disruptions due to sanctions and export restrictions on Russian plywood have shifted market share to other European countries.
2022-2023
The European Union updated its timber regulation policies to enforce stricter sustainability and traceability standards for wood products, including European red pine plywood.
January 2023
Increased compliance costs for exporters but improved market access to eco-conscious regions.
Due to geopolitical tensions, Russian exports of plywood faced sanctions and reduced market access in Western countries, leading to supply chain shifts.
March 2022
Increased demand for plywood from Finland, Sweden, and Poland to fill the supply gap in Europe.
A new trade agreement between the EU and several Southeast Asian countries reduced tariffs on wood products, including plywood with European red pine face ply.
September 2022
Boosted export potential for European producers targeting emerging markets in Asia.