HS Code:
Subheading 0402.91.90 under the Harmonized System (HS) Code pertains to 'Milk and cream, concentrated or containing added sugar or other sweetening matter, not elsewhere specified or included.' This category primarily includes condensed milk and other concentrated dairy products that do not fall under other specific subheadings. These products are widely used in food processing, confectionery, and as direct consumer goods in various forms.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
35% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in Asia-Pacific
Increased exports to countries like China and India due to rising middle-class consumption of processed dairy products.
2021-2022
Shift towards plant-based alternatives
Moderate decline in demand for traditional dairy concentrates in developed markets as consumers opt for vegan and lactose-free options.
2020-2022
Sustainability focus in production
Producers adopting eco-friendly packaging and sustainable farming practices to meet regulatory and consumer demands.
2022
The European Union reported a significant increase in exports of concentrated milk products to Asia, driven by trade agreements and competitive pricing.
June 2023
Strengthened market position for EU exporters, potentially increasing competition for other exporters like New Zealand.
The United States revised tariffs on dairy imports under subheading 0402.91.90 as part of renegotiations with key trading partners.
March 2023
Potential cost benefits for US importers, but may affect domestic producers due to increased competition.
Severe drought conditions in New Zealand led to reduced production of concentrated dairy products, affecting export volumes.
January 2023
Temporary supply shortages in key markets, creating opportunities for competitors like the Netherlands and Germany.