HS Code:
The 'Flavored' category, often associated with food and beverage products such as flavored waters, teas, coffees, or snacks under various HS Codes (e.g., HS 2202 for non-alcoholic beverages or HS 2106 for food preparations), encompasses products that have been enhanced with natural or artificial flavors. This category is a significant segment of the global food and beverage market, driven by consumer demand for unique taste profiles and innovative products. It includes items like flavored soft drinks, dairy products, and confectionery. The trade of flavored products is influenced by regional taste preferences, health trends, and regulatory frameworks concerning additives and labeling.
Total Trade Volume
USD 45.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 10.2 billion
22.5% of total trade of total trade
Increasing
USD 6.8 billion
15.0% of total trade of total trade
Stable
USD 5.1 billion
11.3% of total trade of total trade
Increasing
USD 4.5 billion
9.9% of total trade of total trade
Increasing
USD 3.9 billion
8.6% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
35% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for natural and organic flavors
Increased trade in naturally flavored products, pushing manufacturers to source organic ingredients and influencing supply chains
2021-2023
Growth in low-sugar and health-focused flavored beverages
Shift in consumer preference towards healthier options, impacting trade volumes of traditional sugary flavored drinks
2020-2022
Innovation in exotic and ethnic flavor profiles
Boost in exports from countries with unique flavor traditions, creating niche markets globally
2019-2023
The European Union introduced stricter regulations on the use of artificial flavorings in food and beverages, requiring detailed labeling and safety assessments.
January 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant regions
A new bilateral agreement reduced tariffs on flavored food and beverage products between the US and China, encouraging market access.
March 2022
Boosted trade volumes, particularly for US-based flavored beverage exporters to China
Several Asia-Pacific countries launched campaigns against high-sugar flavored drinks, imposing higher taxes and restrictions.
October 2022
Decline in imports of sugary flavored beverages in the region, pushing companies to reformulate products