HS Code:
The 'Articles of a kind used for roofing or siding' category, typically classified under HS Code 6811 (for articles of asbestos-cement, cellulose fiber-cement, or similar materials) or related codes, includes products such as roofing tiles, siding panels, and corrugated sheets used in construction. These materials are essential for residential, commercial, and industrial building projects, offering durability and weather resistance. The category encompasses both traditional materials like asbestos-cement (though increasingly regulated due to health concerns) and modern alternatives like fiber-cement boards.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 850 million
26.6% of total trade of total trade
Increasing
USD 420 million
13.1% of total trade of total trade
Stable
USD 380 million
11.9% of total trade of total trade
Increasing
USD 310 million
9.7% of total trade of total trade
Increasing
USD 250 million
7.8% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift to eco-friendly materials
Increased demand for fiber-cement and non-asbestos products due to health and environmental concerns, driving innovation in sustainable alternatives.
2020-2022
Growth in construction in emerging markets
Higher demand for affordable roofing and siding materials in Asia-Pacific and Africa, boosting trade volumes from major exporters like China and Thailand.
2021-2023
Rising raw material costs
Increased production costs for cement-based products due to supply chain disruptions, leading to higher prices and reduced margins for exporters.
2022
The European Union introduced stricter regulations on the import and use of asbestos-containing roofing materials, pushing manufacturers to adopt safer alternatives.
June 2023
Reduced trade of traditional asbestos-cement products to EU markets, with a pivot to fiber-cement alternatives.
The US Infrastructure Investment and Jobs Act allocated significant funding for construction projects, increasing demand for roofing and siding materials.
November 2021
Surged imports from key suppliers like China and Canada, with a projected 10% growth in trade volume for 2023.
Major Thai manufacturers announced investments in new fiber-cement production facilities to meet growing regional demand in Southeast Asia.
March 2023
Strengthened Thailand's position as a leading exporter, potentially increasing its market share in the Asia-Pacific region.