HS Code:
High tenacity yarn of viscose rayon (HS Code: 540310) refers to a type of synthetic yarn made from viscose rayon that is specifically engineered for high strength and durability. This product is widely used in industrial applications such as tire cords, conveyor belts, and other reinforced materials due to its excellent tensile strength and resistance to wear. It is a niche but critical component in the textile and industrial manufacturing sectors.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$100 million USD
40% of total trade of total trade
Increasing
$60 million USD
24% 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)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable materials
Increased interest in viscose rayon as a biodegradable alternative to synthetic fibers, driving demand in eco-friendly industrial applications.
2021-2023
Shift towards Asia-Pacific production
Lower production costs and proximity to raw material sources in countries like China and India have led to a concentration of manufacturing in the region.
2019-2022
Technological advancements in yarn production
Innovations in spinning and processing technologies have improved the strength and versatility of high tenacity viscose rayon, expanding its use in new industries.
2020-2023
The European Union introduced anti-dumping duties ranging from 8-10% on high tenacity yarn of viscose rayon from China to protect domestic manufacturers.
March 2023
This has led to a shift in sourcing to other countries like India and Thailand, increasing costs for EU importers in the short term.
Major producers in India and China have started adopting FSC (Forest Stewardship Council) certification for viscose rayon to meet global sustainability demands.
July 2022
This enhances market access to environmentally conscious markets like the EU and US, potentially increasing trade volumes.
A leading textile manufacturer opened a state-of-the-art production facility for high tenacity viscose rayon in Vietnam, aiming to cater to the growing Southeast Asian market.
October 2022
This development is expected to diversify supply chains and reduce dependency on Chinese exports, stabilizing prices in the region.