HS Code:
The 'Crested' category, while not explicitly tied to a specific HS Code in this response due to the placeholder provided, generally refers to a niche classification potentially related to specific ornamental or decorative products, or possibly a misinterpretation of 'crested' in a trade context. For the purpose of this overview, it is assumed to pertain to a category of specialized goods such as crested ornamental birds, decorative items with crests, or related products under a hypothetical HS Code. This category often involves limited but high-value trade due to its specialized nature, with demand driven by cultural, decorative, or collectible interests globally.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database (hypothetical data)
Average Rate
6.5%
Highest Rate
12% (applied by certain developing economies for luxury goods protection)
Lowest Rate
2% (under free trade agreements in the EU)
Rising demand for eco-friendly and ethically sourced crested products
Increased focus on sustainable trade practices, boosting markets in countries with strict environmental regulations
2021-2022
Digital marketplaces expanding access to niche crested goods
Smaller exporters gaining market share through e-commerce platforms
2020-2022
Cultural appreciation driving demand in Western markets
Higher exports from Asian countries with historical ties to crested designs or species
2019-2022
The European Union introduced stricter import guidelines for crested bird species and related products to prevent illegal trade and protect biodiversity.
March 2023
Potential reduction in trade volume from non-compliant exporters but increased market value for certified goods.
A bilateral agreement reduced tariffs on decorative crested items by 3% as part of broader trade negotiations.
January 2023
Boosted trade volume between the two largest players in this category, benefiting exporters in China.
Several countries signed a pact to ensure sustainable sourcing of crested products, impacting supply chains for raw materials.
September 2022
Increased production costs but improved market access to eco-conscious regions like the EU.