HS Code:
The category 'Containers, of circular cross section, of a volume capacity between 11.4 liters and 26.6 liters, of a kind used for the conveyance of goods' refers to specific types of cylindrical containers typically made from materials like metal or plastic. These containers are designed for the transport and storage of goods, often used in industries such as food and beverage, chemicals, and manufacturing. They are classified under the Harmonized System (HS) Code 7310.21 or related subcategories, depending on the material and specific use. This product category is critical in global supply chains, facilitating the safe and efficient movement of liquids, powders, and other bulk materials.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.5% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards sustainable materials
Increased demand for containers made from recyclable or biodegradable materials due to environmental regulations and consumer preferences.
2021-2023
Growth in e-commerce logistics
Rising need for durable and reusable containers to support the global e-commerce boom, especially for bulk packaging solutions.
2020-2022
Automation in manufacturing
Adoption of automated production lines for containers, reducing costs and increasing output, particularly in major exporting countries like China.
2019-2023
The European Union introduced stricter regulations under its Circular Economy Action Plan, mandating higher recycling rates and sustainable material usage for containers.
March 2022
Increased production costs for non-compliant manufacturers but opened opportunities for eco-friendly container producers.
A revision in the US-China Phase One Trade Agreement reduced tariffs on certain industrial containers, boosting trade volumes between the two countries.
January 2023
Enhanced market access for Chinese exporters and reduced costs for US importers.
Ongoing supply chain challenges, including port congestion and raw material shortages, have impacted the availability and pricing of containers in this category.
Mid-2022
Led to price volatility and delays in delivery, prompting companies to diversify sourcing strategies.