HS Code:
The 'Containing added flavoring matter whether or not containing added coloring' category typically falls under various HS Codes depending on the specific product, such as beverages, food preparations, or confectionery items (e.g., HS Code 2106.90 for food preparations not elsewhere specified or included). This category includes products like flavored syrups, drink concentrates, and other processed food or beverage items with added flavoring agents, which may or may not include coloring. These products are widely traded globally due to their use in the food and beverage industry, catering to diverse consumer preferences for taste and variety.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
20.9% of total trade of total trade
Increasing
USD 2.1 billion
13.7% of total trade of total trade
Stable
USD 1.8 billion
11.8% of total trade of total trade
Increasing
USD 1.5 billion
9.8% of total trade of total trade
Stable
USD 1.2 billion
7.8% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
25% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-US TTIP or ASEAN Free Trade Area)
Growing demand for natural and organic flavorings
Increased trade in products with natural flavoring agents as consumers shift away from artificial additives, driving innovation and higher prices for organic-certified products.
2021-2023
Rise in functional beverages with added flavors
Expansion of trade in flavored energy drinks, vitamin-infused waters, and health-focused beverages, particularly in North America and Asia-Pacific regions.
2020-2022
Sustainability concerns affecting packaging and sourcing
Shift toward sustainable packaging and ethically sourced flavoring ingredients, influencing trade patterns and increasing costs for exporters to meet regulatory demands.
2022-2023
The European Union introduced stricter regulations on artificial flavorings, requiring detailed safety assessments and labeling for products entering the market.
March 2023
Exporters to the EU must adapt to compliance costs, potentially reducing short-term trade volumes while ensuring long-term consumer safety.
A bilateral agreement reduced tariffs on certain food preparations, including flavored products, to ease trade tensions and boost market access.
January 2023
Increased trade volume between the two countries, particularly benefiting US exporters of flavored beverage concentrates.
Rapid urbanization and changing consumer preferences in countries like India and Indonesia have driven a spike in imports of flavored food and beverage products.
June 2023
Significant growth opportunities for exporters targeting emerging markets, with a projected 10% annual increase in trade volume.