HS Code:
The category 'Wooden furniture of a kind used in the kitchen' (HS Code: 9403.40) includes items such as kitchen cabinets, tables, chairs, and other wooden furniture specifically designed for kitchen use. These products are essential in both residential and commercial settings, reflecting trends in home improvement, interior design, and sustainable materials. Global trade in this category is driven by consumer demand for durable, aesthetically pleasing, and functional kitchen solutions, with significant production in countries with strong woodworking industries and access to raw materials like timber.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
25% (imposed by certain developing countries on imports to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for sustainable and eco-friendly materials
Increased preference for certified wood products, boosting markets in countries with strong sustainability regulations like the EU; challenges for non-compliant exporters.
2021-2023
Growth in modular and customizable kitchen furniture
Shift towards personalized designs drives demand for innovative manufacturers, benefiting countries like Germany and Italy with advanced design capabilities.
2020-2022
Supply chain disruptions due to geopolitical tensions and pandemics
Delays and increased costs in shipping and raw material procurement, particularly affecting Asian exporters like China and Vietnam.
2020-2022
The European Union introduced the EU Deforestation Regulation (EUDR) requiring all wooden furniture imports to be traceable to deforestation-free sources, effective from late 2023.
June 2023
Increased compliance costs for exporters, particularly in developing countries; potential market advantage for EU-based manufacturers.
The United States extended anti-dumping duties on Chinese wooden furniture imports, citing unfair trade practices, with rates ranging from 5% to 20%.
March 2023
Shift in US import sourcing towards Vietnam and other Southeast Asian countries, reducing China's market share.
Vietnam invested in new manufacturing hubs and signed trade agreements like the EVFTA (EU-Vietnam Free Trade Agreement) to boost wooden furniture exports.
January 2023
Strengthened Vietnam's position as a leading exporter, challenging China's dominance in the global market.