HS Code:
The Combed (624) category under the Harmonized System (HS) Code typically refers to combed wool or fine animal hair, prepared for spinning or weaving. This category includes products like combed wool in tops or other forms, often used in the textile industry for high-quality yarn and fabric production. Combed wool undergoes a process to remove shorter fibers and impurities, resulting in smoother, stronger, and more uniform material suitable for premium textiles.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$350 million USD
29.2% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Decreasing
$120 million USD
10.0% of total trade of total trade
Stable
$90 million USD
7.5% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-UK Trade Deal)
Rising demand for sustainable and organic wool
Increased focus on eco-friendly production methods, driving up prices for certified combed wool products
2021-2022
Shift towards synthetic alternatives
Reduced demand for traditional wool in some markets due to cost-effective and versatile synthetic fibers
2020-2022
Growth in premium textile markets
Higher demand for combed wool in luxury fashion and high-end apparel sectors, especially in Europe and North America
2019-2022
The European Union introduced stricter sustainability and animal welfare standards for wool imports, affecting combed wool supply chains.
June 2023
Potential increase in compliance costs for exporters but improved market access for certified producers
Ongoing trade disputes between China and Australia led to temporary restrictions on Australian wool exports, impacting global supply chains for combed wool.
January 2022
Shift in supply dynamics, with other countries like Italy and Uruguay filling the gap in the Chinese market
Innovations in combing technology have improved yield and quality of combed wool, reducing waste and production costs.
March 2023
Enhanced competitiveness of combed wool against synthetic alternatives in price-sensitive markets