HS Code:
Subheading 0406.20.33 of the Harmonized System (HS) Code pertains to grated or powdered cheese, specifically of a kind used in the manufacture of food preparations, other than Cheddar and Colby. This category includes processed cheese products that are often utilized as ingredients in various food products globally. These cheeses are valued for their versatility in industrial food production, contributing to flavor and texture in processed foods.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$350 million USD
29.2% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Decreasing
Average Rate
8.5% ad valorem
Highest Rate
35% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for processed food ingredients
Increased export volumes from major dairy-producing countries due to growing fast food and ready-to-eat meal sectors.
2021-2022
Shift towards plant-based alternatives
Slight decline in traditional cheese powder demand as plant-based cheese substitutes gain traction in developed markets.
2022
Sustainability in dairy production
Countries with sustainable dairy practices are gaining market share as consumers and regulators prioritize eco-friendly production methods.
2020-2022
A new agreement reduced tariffs on certain cheese products, including those under HS 0406.20.33, facilitating greater market access for US exporters to the EU.
March 2023
Expected to increase US exports by 10-15% annually to the EU market.
Several Asia-Pacific countries introduced stricter sanitary regulations for imported dairy products, impacting exporters from the EU and US.
July 2023
Potential delays and increased compliance costs for exporters targeting Asian markets.
Major food corporations are investing in R&D to develop new applications for grated and powdered cheese in snack foods and seasonings.
September 2023
Likely to drive demand for HS 0406.20.33 products in emerging markets.