HS Code:
The Heat Insulating category, typically classified under HS Code 6806 (which includes slag wool, rock wool, and similar mineral wools; exfoliated vermiculite, expanded clays, foamed slag, and similar expanded mineral materials; mixtures and articles of heat-insulating, sound-insulating or sound-absorbing mineral materials), encompasses materials primarily used for thermal insulation in construction, industrial applications, and manufacturing. These materials are crucial for energy efficiency, fire safety, and temperature regulation in buildings and equipment.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.1 billion
21.2% of total trade of total trade
Increasing
USD 850 million
16.3% of total trade of total trade
Stable
USD 700 million
13.5% of total trade of total trade
Increasing
USD 450 million
8.7% of total trade of total trade
Increasing
USD 400 million
7.7% of total trade of total trade
Stable
Average Rate
5.3% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for sustainable insulation materials
Increased trade in eco-friendly products like recycled mineral wool and bio-based insulators due to global green building initiatives.
2021-2023
Growth in construction sector in Asia-Pacific
Higher export volumes to countries like India and Indonesia, driven by urbanization and infrastructure development.
2020-2022
Technological advancements in insulation materials
Shift towards high-performance, lightweight insulating materials, boosting trade in innovative products.
2019-2023
The European Union's Green Deal has introduced stricter energy efficiency standards for buildings, increasing demand for high-quality heat-insulating materials.
January 2023
Significant boost in imports of sustainable insulation materials into EU markets, benefiting exporters from Germany and Poland.
The United States imposed additional tariffs on Chinese heat-insulating materials as part of ongoing trade tensions, citing unfair trade practices.
September 2022
Shift in US import sources towards European and Mexican suppliers, affecting China's market share.
Several multinational companies have established new manufacturing plants for heat-insulating materials in Vietnam and Thailand to cater to regional demand.
March 2023
Expected to increase export volumes from Southeast Asia, potentially reshaping global supply chains.