HS Code:
The 'Containing Elastomeric Filaments (201)' category, typically classified under the Harmonized System (HS) Code related to textiles (e.g., HS 5402 or specific subcategories under Chapter 54), includes synthetic filament yarns that contain elastomeric properties, such as spandex or elastane. These materials are widely used in the production of stretchable fabrics for clothing, sportswear, and medical textiles due to their elasticity and durability. This category is critical in the global textile industry, driven by demand in fashion, activewear, and industrial applications.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local textile industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or ASEAN-China FTA)
Rising demand for sustainable elastomeric filaments
Increased investment in bio-based and recyclable elastomeric materials due to environmental concerns and regulations in major markets like the EU.
2021-2023
Growth in athleisure and sportswear markets
Higher demand for stretchable fabrics containing elastomeric filaments, boosting trade volumes particularly in Asia-Pacific and North America.
2020-2022
Supply chain diversification post-COVID-19
Shift of production and sourcing from China to other countries like Vietnam and Bangladesh to mitigate risks of supply chain disruptions.
2021-2023
The European Union introduced new regulations under the EU Textile Strategy, requiring elastomeric filament products to meet higher recyclability and sustainability standards.
March 2023
Increased compliance costs for exporters to the EU, but also opportunities for producers of eco-friendly materials.
A revised trade agreement reduced tariffs on certain textile categories, including elastomeric filaments, fostering higher trade volumes between the two countries.
January 2023
Positive for Chinese exporters, with an expected 10% increase in exports to the US market.
Vietnam has emerged as a key player in elastomeric filament production, benefiting from trade agreements like CPTPP and EVFTA, which lower tariffs in key markets.
June 2022
Significant growth in Vietnam’s market share, attracting foreign investment in textile manufacturing.