HS Code:
The 'Tin oil, in airtight containers' category, often classified under HS Code 1512.19 (for sunflower-seed or safflower oil and their fractions, refined but not chemically modified, or related codes for other oils), includes edible oils packaged in airtight containers such as tins or cans. These products are primarily used for cooking, food preservation, and industrial purposes. This category is significant in global trade due to the essential nature of edible oils in food supply chains, with demand driven by population growth, dietary preferences, and industrial applications. Trade in this category is influenced by agricultural production capacities, regional consumption patterns, and trade policies including tariffs and quotas.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
UN Comtrade Database
USD 800 million
22.9% of total trade of total trade
Increasing
USD 650 million
18.6% of total trade of total trade
Stable
USD 500 million
14.3% of total trade of total trade
Increasing
USD 400 million
11.4% of total trade of total trade
Stable
USD 300 million
8.6% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising demand for sustainable and organic oils
Increased exports from countries with certified sustainable production, such as Spain and Italy, while putting pressure on conventional producers to adapt.
2021-2022
Shift toward healthier oil options
Growing market share for olive oil and avocado oil in airtight containers, impacting traditional sunflower and palm oil trade volumes.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade flows affected by conflicts (e.g., Ukraine-Russia conflict impacting sunflower oil supply), leading to price volatility and sourcing diversification.
2022
The European Union reduced tariffs on olive oil imports from Mediterranean countries to secure supply amidst domestic shortages.
March 2023
Boosted trade volumes from countries like Tunisia and Morocco, increasing competition for traditional exporters like Spain and Italy.
Argentina adjusted export taxes on edible oils to balance domestic supply and international demand, impacting global pricing.
January 2023
Temporary reduction in export volumes from Argentina, prompting buyers to seek alternative suppliers such as Ukraine and Turkey.
Several Asia-Pacific countries introduced stricter sanitary and phytosanitary regulations for imported edible oils to ensure consumer safety.
July 2022
Increased compliance costs for exporters, potentially slowing trade to major markets like India and China.