HS Code:
The category 'Having a capacity not exceeding 22.5 liters' typically falls under HS Code 7310.29 or related codes, which includes containers such as tanks, casks, drums, cans, boxes, and similar containers made of iron or steel, used for various purposes including storage and transport of goods. This category is crucial in industries like food and beverage, chemicals, and manufacturing, where small to medium-sized containers are essential for packaging and logistics.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.5% (imposed by certain developing countries to protect local manufacturing)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards sustainable materials
Increased demand for recyclable and eco-friendly steel containers as industries adopt green practices
2021-2023
Growth in e-commerce packaging needs
Rising demand for small capacity containers for shipping and storage of consumer goods
2020-2022
Technological advancements in manufacturing
Improved production efficiency and cost reduction, boosting supply capacity in key exporting countries
2019-2022
The European Union introduced provisional anti-dumping duties on steel container imports from China to protect local manufacturers.
March 2023
Potential increase in prices for European buyers and shift in trade flows towards other suppliers like South Korea and Japan.
Revised rules under the USMCA have reduced tariffs on steel containers traded between the US, Mexico, and Canada, fostering regional trade.
January 2023
Strengthened North American supply chains with increased trade volume among member countries.
China launched a policy to encourage the production of sustainable steel containers, aligning with global environmental standards.
June 2022
Likely to enhance China’s export competitiveness in markets prioritizing sustainability.