HS Code:
Artificial staple fibers, carded, combed, or otherwise processed for spinning (HS Code: 5507) refer to man-made fibers that have been prepared for spinning into yarn. These fibers, typically made from materials like viscose, polyester, or acrylic, undergo processes such as carding or combing to align and clean them, making them suitable for textile production. This category is crucial for the textile industry, particularly in the production of blended fabrics and synthetic yarns used in apparel, home textiles, and industrial applications.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-FTA or USMCA)
Rising demand for sustainable fibers
Increased focus on eco-friendly artificial fibers like recycled polyester is driving innovation and shifting trade towards greener supply chains.
2021-2023
Shift in production to Asia-Pacific
Lower labor costs and large-scale manufacturing capabilities in countries like China and India are consolidating production in the region, impacting trade patterns.
2020-2022
Technological advancements in fiber processing
Automation and improved processing techniques are enhancing product quality and reducing costs, boosting export competitiveness for advanced economies like Germany.
2019-2023
The European Union introduced new regulations requiring artificial staple fibers to meet stringent sustainability and chemical safety standards for imports.
March 2023
Exporters from non-compliant regions may face higher costs or restricted market access, while sustainable producers gain a competitive edge.
A new phase of trade negotiations reduced tariffs on certain textile categories, including artificial staple fibers, as part of efforts to ease trade tensions.
January 2023
This is expected to increase Chinese exports to the US, potentially affecting domestic producers and altering global trade flows.
The Indian government launched a Production Linked Incentive (PLI) scheme to enhance the manufacturing of man-made fibers, aiming to increase export volumes.
October 2022
This could position India as a stronger competitor in the global market, challenging Chinaโs dominance in the category.