HS Code:
High tenacity single yarn of viscose rayon, with a decitex less than 1,000, classified under HS Code 5403.10.30, refers to a specific type of synthetic filament yarn made from viscose rayon. This yarn is characterized by its high strength and is typically used in industrial applications such as tire cords, conveyor belts, and other technical textiles where durability and tensile strength are critical. Viscose rayon is derived from regenerated cellulose, offering a balance of cost-effectiveness and performance compared to other synthetic fibers like nylon or polyester.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map and UN Comtrade Database
$90 million USD
36% of total trade of total trade
Increasing
$50 million USD
20% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$25 million USD
10% of total trade of total trade
Decreasing
$20 million USD
8% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Growing demand in automotive sector
Increased use in tire cord manufacturing due to the rise in global automobile production, especially in electric vehicles requiring lightweight, durable materials.
2021-2023
Shift towards sustainable materials
Viscose rayon, being bio-based, is gaining traction as industries move away from petroleum-based synthetics, though environmental concerns over production processes remain.
2020-2023
Price volatility of raw materials
Fluctuations in wood pulp prices, a key input for viscose rayon, are affecting production costs and trade margins.
2022-2023
The European Union introduced new regulations requiring viscose rayon producers to meet stricter environmental standards in production processes, focusing on reducing chemical waste.
January 2023
This may increase production costs for exporters to the EU, potentially shifting trade flows to less regulated markets.
China announced investments in new high-tenacity viscose yarn facilities to cater to growing domestic and international demand, especially for industrial applications.
March 2023
This could further solidify Chinaโs dominance in the market, potentially leading to oversupply and price competition.
Negotiations between India and the US include discussions on reducing tariffs for technical textiles, including high tenacity viscose yarn.
June 2023
If successful, this could boost Indian exports to the US, altering current trade dynamics.