HS Code:
The 'For beverage purposes' category under the Harmonized System (HS) Code typically includes products like fruit juices, concentrates, and other non-alcoholic beverage bases used in the preparation of drinks (e.g., HS Code 2009 for fruit juices and vegetable juices). This category plays a significant role in global trade due to the high demand for beverages in both developed and emerging markets. It encompasses a wide range of products essential for the food and beverage industry, including concentrates for soft drinks, juices for direct consumption, and bases for alcoholic beverages in some classifications.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 5.2 billion
20.5% of total trade of total trade
Increasing
USD 3.8 billion
15.0% of total trade of total trade
Stable
USD 2.9 billion
11.5% of total trade of total trade
Increasing
USD 2.1 billion
8.3% of total trade of total trade
Stable
USD 1.8 billion
7.1% of total trade of total trade
Increasing
Average Rate
12.5%
Highest Rate
35% (applied by some South Asian countries)
Lowest Rate
0% (under free trade agreements like EU internal trade)
Rising demand for organic and natural beverages
Increased exports of organic fruit juices and concentrates, particularly from Latin America and Europe, with a shift in consumer preference towards healthier options driving trade growth.
2021-2023
Growth in functional beverages
Significant rise in trade of beverage bases with added vitamins, minerals, and probiotics, especially in North America and Asia-Pacific regions, impacting sourcing patterns.
2020-2022
Sustainability and fair trade certifications
Exporters adopting sustainable practices and certifications are gaining market access in premium segments, particularly in the EU, influencing trade dynamics.
2019-2023
A new trade agreement reduced tariffs on beverage concentrates and juices between the EU and the US, aiming to boost bilateral trade in this category.
June 2023
Expected to increase trade volume by 10% over the next two years, benefiting major exporters like Brazil and the US.
Brazil reported a record export volume of orange juice concentrates due to favorable weather conditions and increased demand from Asia.
March 2023
Solidified Brazil's position as a leading exporter, potentially impacting pricing in global markets.
China introduced stricter quality control measures for imported beverage bases, focusing on sugar content and additives.
January 2023
May slow down imports temporarily as exporters adapt to new compliance requirements, affecting smaller suppliers.