HS Code:
The category 'Cable or inner wire for caliper and cantilever brakes and casing therefor, whether or not cut to length' falls under HS Code 8714.94.90 (a sub-category of parts and accessories for bicycles and other cycles). This category includes the inner wires and outer casings used in bicycle brake systems, specifically for caliper and cantilever brakes. These components are critical for the safe operation of bicycles, transmitting force from the brake lever to the brake mechanism. They are typically made of stainless steel or galvanized steel for durability and resistance to corrosion, with casings often made of plastic or reinforced materials to protect the inner wire. This category is a niche but essential segment of the bicycle parts market, with trade driven by global bicycle production and the growing demand for cycling as a sustainable mode of transportation and recreation.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Increasing
$8 million USD
5% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for e-bikes and high-performance bicycles
Increased need for durable and high-quality brake cables and casings, especially for electric bicycles with higher speeds and weight, driving innovation in materials and design.
2021-2023
Shift towards sustainable and lightweight materials
Manufacturers are adopting eco-friendly coatings and lightweight composites for casings, aligning with global sustainability goals and consumer preferences.
2022
Growth in cycling as urban transportation
Urbanization and government incentives for cycling in cities have boosted bicycle sales, indirectly increasing demand for replacement parts like brake cables.
2020-2023
The European Union extended anti-dumping duties on certain bicycle components, including brake cables, from China to prevent market distortion and protect EU manufacturers.
March 2023
Increased costs for importers relying on Chinese suppliers, potentially shifting trade to other regions like Taiwan or Vietnam.
Major manufacturers like Shimano introduced new corrosion-resistant and low-friction brake cables, targeting the premium and e-bike markets.
June 2022
Raised industry standards for quality and performance, putting pressure on smaller manufacturers to innovate or lose market share.
Ongoing trade tensions and logistical challenges have disrupted the supply of raw materials for brake cables, particularly stainless steel, leading to price volatility.
October 2022
Increased production costs and delays in delivery, affecting global trade volumes and prompting diversification of supply chains.