HS Code:
The category under HS Code 5606 includes gimped yarn, and strip and the like of heading 5404 or 5405, gimped (other than those of heading 5605 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); and loop wale-yarn. These are specialized textile products used primarily in the manufacturing of decorative fabrics, upholstery, and other textile applications. Gimped yarn refers to yarn that has been wrapped with another thread or material to create a textured or reinforced effect, while chenille yarn is known for its soft, fuzzy texture often used in home dรฉcor and apparel. Loop wale-yarn is characterized by looped structures and is used in specific weaving applications.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Growing demand for sustainable and eco-friendly yarns
Increased adoption of recycled materials in chenille and gimped yarn production, influencing sourcing and pricing strategies
2021-2022
Rise in home dรฉcor and upholstery markets
Boost in demand for chenille yarn due to its aesthetic appeal and texture, especially in emerging economies
2020-2022
Technological advancements in textile machinery
Improved production efficiency and quality of specialized yarns, reducing costs and increasing competitiveness of smaller producers
2019-2022
The European Union introduced new regulations under the REACH framework, mandating lower chemical usage in textile yarn production, including gimped and chenille yarns.
March 2023
Increased compliance costs for exporters to the EU, potentially shifting trade patterns toward markets with less stringent regulations.
A bilateral agreement reduced tariffs on textile products, including HS 5606 category items, between China and Turkey to strengthen trade ties.
January 2023
Expected to boost Turkey's imports of gimped and chenille yarns from China, potentially affecting other exporters.
A global increase in home improvement projects post-COVID-19 has driven demand for decorative yarns like chenille for curtains and upholstery.
Mid-2022
Significant growth in trade volume for key exporters, with sustained demand projected into 2024.