HS Code:
Felt paper and paperboard, categorized under HS Code 4805.50, includes uncoated paper and paperboard that is felted or pressed to create a textured surface, often used for industrial, packaging, or specialty applications. This category is distinct from standard paper products due to its unique manufacturing process and specific uses such as in filtration, insulation, or as a base material for other products. It is a niche segment within the broader paper and paperboard industry, with demand driven by industrial and construction sectors.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$60 million USD
24% of total trade of total trade
Increasing
$45 million USD
18% of total trade of total trade
Stable
$30 million USD
12% of total trade of total trade
Increasing
$25 million USD
10% of total trade of total trade
Stable
$20 million USD
8% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Growing demand for sustainable materials
Increased use of recycled felt paperboard in packaging and insulation, driving market growth in eco-conscious regions like Europe.
2021-2023
Shift towards industrial applications
Rising use in filtration systems and automotive industries has boosted trade volumes, particularly in Asia-Pacific markets.
2020-2022
Technological advancements in production
Innovations in manufacturing have reduced costs and improved quality, enhancing competitiveness of key exporters like Germany and China.
2019-2023
The European Union introduced new regulations requiring higher recycled content in felt paperboard products to meet sustainability goals.
January 2023
Likely to increase production costs for non-compliant exporters while benefiting European manufacturers with advanced recycling capabilities.
A bilateral agreement reduced tariffs on felt paper products, facilitating increased exports from China to the US market.
March 2022
Expected to boost China's market share in the US, potentially affecting domestic producers.
New developments in felt paperboard for high-efficiency filtration systems were showcased at a global industrial expo, highlighting potential growth areas.
September 2023
Could drive demand in industrial sectors, particularly in emerging markets with expanding manufacturing bases.