HS Code:
Subheading 2101.12.48 of the Harmonized System (HS) Code pertains to preparations with a basis of extracts, essences, or concentrates of coffee or with a basis of coffee, specifically other preparations not elsewhere specified or included, valued over thirty cents per kilogram but not over forty cents per kilogram. This category includes certain instant coffee products and coffee-based preparations used in beverages and food industries.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for instant coffee products
Increased export volumes from major coffee-producing countries like Brazil and Vietnam due to convenience and urbanization trends.
2021-2022
Shift towards premium coffee-based preparations
Higher value products are gaining traction in developed markets, pushing exporters to innovate in product offerings.
2020-2022
Sustainability and fair trade certifications
Growing consumer preference for ethically sourced coffee products is influencing trade policies and market access.
2019-2022
The European Union reduced tariffs on coffee preparations under specific trade agreements with Latin American countries to promote imports.
January 2023
Expected to boost exports from Brazil and Colombia by 10-15% in the coming years.
The United States introduced stricter labeling requirements for coffee-based preparations to ensure consumer safety and transparency.
October 2022
May increase compliance costs for exporters, potentially reducing trade volume from non-compliant countries.
Vietnam reported a significant increase in exports of instant coffee products due to improved production capacity and trade agreements.
March 2023
Strengthens Vietnam's position as a key player in this category, challenging traditional exporters like Brazil.