HS Code:
Castors, other than those of heading 8302 (HS Code: 8716.90), are components typically used in the manufacture of trolleys, carts, and other mobile equipment. These are wheels or sets of wheels mounted to a swivel frame, allowing for easy movement of heavy objects across various industries including logistics, manufacturing, and retail. This category excludes castors specifically designed for furniture, which fall under heading 8302. The global trade of castors is driven by industrial demand, e-commerce growth, and the need for efficient material handling solutions.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for heavy-duty castors in e-commerce warehousing
Increased trade volume by 15% annually as logistics sectors expand
2021-2022
Shift towards sustainable materials in castor production
Manufacturers adopting recycled materials, influencing cost structures by 5-10%
2020-2022
Automation in manufacturing reducing production costs
Lowered export prices by approximately 8%, boosting competitiveness of major exporters
2019-2022
The European Union introduced anti-dumping duties ranging from 8-10% on castors imported from China to protect local manufacturers from unfair pricing practices.
March 2023
Potential shift in market share towards European producers; increased costs for importers reliant on Chinese supplies.
Under the USMCA, castors traded between the US, Canada, and Mexico face zero tariffs, boosting regional trade.
July 2020 (ongoing impact in 2023)
Strengthened North American supply chains, with a reported 12% increase in intra-regional trade volume.
Major manufacturers in Germany and Japan introduced smart castors with IoT integration for real-time tracking in industrial applications.
September 2022
Expected to create a niche high-value market segment, potentially increasing trade value by 5-7% in the next 3 years.