HS Code:
The 'Having a capacity exceeding 1 liter but not exceeding 2 liters' category (specific HS Code to be determined, often falls under HS Chapter 73 for iron/steel containers or HS Chapter 76 for aluminum containers) typically includes containers such as bottles, cans, or other vessels designed to hold liquids or other substances within the specified capacity range. These products are widely used in industries like beverages, chemicals, and household goods. This category is critical in global trade due to its application in packaging and transportation of consumer goods, with demand influenced by factors such as population growth, urbanization, and the rise of e-commerce.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU Single Market or USMCA)
Rising demand for sustainable packaging
Increased use of aluminum and recyclable materials in container production, driving innovation and shifting trade towards eco-friendly suppliers.
2021-2023
Growth in beverage industry
Higher export volumes of containers for water, soft drinks, and alcoholic beverages, particularly in emerging markets.
2020-2022
Supply chain disruptions
Delays in raw material supply (steel and aluminum) due to geopolitical tensions and pandemics, affecting production and trade volumes.
2020-2021
The European Union introduced stricter regulations under the Green Deal, mandating higher recycling rates and sustainable materials for containers in this category.
March 2023
Increased costs for non-compliant exporters but opportunities for sustainable manufacturers to capture market share.
The United States maintained additional tariffs on Chinese aluminum and steel containers amid ongoing trade tensions, affecting import volumes.
January 2023
Shift in US imports towards European and Southeast Asian suppliers, altering global trade patterns.
Countries like Vietnam and Thailand have increased production capacity for mid-sized containers, capitalizing on lower labor costs and trade agreements.
October 2022
Growing competition for traditional exporters like China and Germany, with a notable rise in market share for ASEAN countries.