HS Code:
Cutterheads with interchangeable tools (HS Code: 8207.90) are specialized cutting tools used in various industrial applications, including woodworking, metalworking, and manufacturing. These tools are designed with replaceable cutting edges or inserts, allowing for versatility and cost-efficiency in machining processes. They are essential in industries requiring precision cutting, shaping, or milling of materials. The category includes a wide range of products tailored to specific machinery and operational needs, contributing significantly to the global tooling and machinery sector.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 320 million
26.7% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for precision tools in automation
Increased adoption of cutterheads with interchangeable tools in automated manufacturing processes, boosting trade volume by 8% annually.
2021-2022
Shift towards sustainable manufacturing
Growing preference for durable and reusable tools, driving innovation in cutterhead designs and materials, influencing a 5% market growth.
2020-2022
Expansion of manufacturing in Asia-Pacific
Significant increase in exports from China and Japan due to rising industrial activities, contributing to a 10% regional trade surge.
2019-2022
The European Union introduced updated safety and performance standards for cutting tools, including cutterheads, to ensure higher quality and user safety.
June 2023
Potential increase in compliance costs for exporters to the EU, but long-term benefits in market trust and product reliability.
A bilateral agreement reduced tariffs on certain industrial tools, including cutterheads, fostering smoother trade between the two nations.
March 2023
Expected 15% increase in trade volume between the US and China for this category over the next two years.
Leading manufacturers in Germany and Japan introduced cutterheads with advanced carbide and ceramic inserts, enhancing durability and performance.
September 2022
Increased market competitiveness for high-end products, with a projected 7% growth in premium segment sales.