HS Code:
The category 'Containing 65 percent or more but less than 90 percent by dry weight of sugar' refers to food preparations and confectionery products with a high sugar content, typically falling under HS Code 1704 (Sugar confectionery) or related subheadings. These products include candies, toffees, caramels, and other sugary treats that are not chocolate-based. This category is significant in global trade due to the universal demand for sweet snacks, seasonal consumption patterns (e.g., holidays), and its role in the food and beverage industry. Trade in this category is influenced by agricultural policies, sugar production capacities, and health regulations in various countries.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
14.4% of total trade of total trade
Increasing
USD 1.5 billion
12.0% of total trade of total trade
Stable
USD 1.2 billion
9.6% of total trade of total trade
Increasing
USD 900 million
7.2% of total trade of total trade
Stable
USD 750 million
6.0% of total trade of total trade
Increasing
Average Rate
8.5% ad valorem
Highest Rate
35% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for low-sugar alternatives
Manufacturers are innovating with sugar substitutes, impacting traditional high-sugar product exports negatively while boosting hybrid categories.
2021-2023
Growth in emerging markets
Increased consumption in Asia-Pacific and African regions due to rising disposable incomes and urbanization, driving export opportunities for major producers.
2020-2022
Sustainability in packaging
Shift towards eco-friendly packaging materials in response to consumer and regulatory pressures, increasing production costs but enhancing market appeal in developed regions.
2022-2023
The European Union reduced tariffs on sugar confectionery imports from select developing countries under the Generalized Scheme of Preferences (GSP) to promote trade partnerships.
January 2023
Increased imports from countries like India and Brazil, potentially affecting domestic producers in the EU.
The United States introduced stricter labeling requirements for high-sugar products to combat obesity, mandating clearer nutritional information on packaging.
June 2022
Exporters to the US market face higher compliance costs, potentially reducing profit margins or necessitating product reformulation.
Mexico reported a 15% increase in sugar confectionery exports, driven by strong demand in North and South American markets and favorable trade agreements under USMCA.
March 2023
Strengthens Mexico’s position as a key player in the Americas, potentially challenging US and Canadian exporters in regional markets.