HS Code:
Subheading 2106.90.46 of the Harmonized System (HS) Code pertains to 'Other food preparations not elsewhere specified or included, containing sugar derived from sugar cane and/or sugar beet.' This category includes a variety of food preparations such as syrups, concentrates, and other sweetened products that do not fall under more specific classifications. These goods are widely used in the food and beverage industry for manufacturing purposes or as consumer products.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for natural sweeteners
Increased trade volume as consumers shift towards cane and beet-derived sugar products over artificial sweeteners
2021-2022
Growth in processed food industry
Higher imports of food preparations for use in beverages and confectionery manufacturing
2020-2022
Sustainability concerns
Push for ethically sourced sugar products, affecting trade patterns with preference for certified suppliers
2022
Under the United States-Mexico-Canada Agreement, tariffs on sugar-derived food preparations were reduced to 0% for member countries, boosting trade.
January 2023
Increased exports from the US and Mexico to Canada by 15% in early 2023
The European Union revised its sugar production quotas, impacting the availability of beet-derived products for export under HS 2106.90.46.
October 2022
Slight reduction in EU exports due to internal market prioritization
Brazil implemented incentives for sugar cane-derived product exports, leading to a significant increase in trade volume.
March 2023
Brazil's market share grew by 3% globally in this category