HS Code:
Diamond sawblade cores (HS Code: 8202.39) are critical components used in the manufacturing of diamond sawblades, which are widely utilized in construction, stone processing, and other industrial applications for cutting hard materials. These cores are typically made of steel and embedded with diamond segments for enhanced cutting efficiency. The global trade of diamond sawblade cores reflects the demand for precision cutting tools in infrastructure development and industrial manufacturing.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
USD 100 million
40% of total trade
Increasing
USD 50 million
20% of total trade
Stable
USD 30 million
12% of total trade
Increasing
USD 25 million
10% of total trade
Stable
USD 20 million
8% of total trade
Decreasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-Korea FTA)
Rising demand for diamond sawblade cores in emerging markets
Increased export opportunities for major producers like China due to rapid urbanization and infrastructure projects in Africa and Southeast Asia
2021-2022
Technological advancements in diamond bonding techniques
Enhanced durability and cutting precision are driving demand for high-quality cores, benefiting manufacturers in Germany and South Korea
2020-2022
Shift towards sustainable manufacturing practices
Pressure on producers to adopt eco-friendly production methods, increasing costs but appealing to environmentally conscious markets in Europe
2022
The United States Department of Commerce announced new anti-dumping duties ranging from 5% to 10% on diamond sawblade cores imported from China to address unfair pricing practices.
March 2023
This is expected to increase costs for US importers and may shift demand towards South Korean and European suppliers.
An amendment to the EU-Korea Free Trade Agreement has reduced tariffs on industrial tools, including diamond sawblade cores, to 0% for EU imports from South Korea.
January 2023
South Korean exporters are likely to gain a larger market share in Europe, intensifying competition with Chinese suppliers.
Major Chinese manufacturers have invested in automated production lines for diamond sawblade cores to improve efficiency and reduce costs.
October 2022
This development could further solidify Chinaโs dominance in the global market by offering competitive pricing despite rising tariffs.