HS Code:
Acrylonitrile-butadiene-styrene (ABS) copolymers, classified under HS Code 3903.30, are thermoplastic polymers known for their strength, toughness, and impact resistance. ABS is widely used in automotive components, consumer electronics, household appliances, and toys due to its excellent mechanical properties and ease of processing. It combines the strength and rigidity of acrylonitrile and styrene with the toughness of butadiene rubber, making it a versatile material in manufacturing.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.1 billion
20% of total trade of total trade
Increasing
USD 1.8 billion
17% of total trade of total trade
Increasing
USD 1.2 billion
11% of total trade of total trade
Stable
USD 1.0 billion
10% of total trade of total trade
Stable
USD 0.8 billion
8% of total trade of total trade
Decreasing
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Korea FTA)
Rising demand in automotive sector
Increased use of ABS in lightweight vehicle components to improve fuel efficiency and meet emission standards.
2021-2023
Shift towards sustainable materials
Growing interest in bio-based ABS and recycling initiatives to reduce environmental impact, influencing production and trade patterns.
2022-2023
Supply chain disruptions
Global shortages of raw materials like styrene and butadiene have led to price volatility and trade imbalances.
2020-2022
The European Union imposed provisional anti-dumping duties on ABS imports from South Korea and other Asian countries to protect domestic producers from unfair pricing practices.
March 2023
Potential increase in ABS prices in the EU market and redirection of South Korean exports to other regions.
Major Chinese manufacturers announced plans to expand ABS production capacity by 30% to meet growing domestic demand in electronics and automotive sectors.
July 2023
Likely to reduce China's reliance on imports and increase its export potential in the coming years.
Several global companies introduced recycled ABS grades as part of sustainability initiatives, gaining traction in markets with strict environmental regulations.
September 2023
Expected to shift trade dynamics as demand for sustainable materials grows, potentially affecting traditional ABS trade volumes.