HS Code:
The Insulation products category, primarily classified under HS Code 6806 (mineral wools, expanded mineral materials, and other insulating materials) and related codes such as 7019 (glass fibers and articles thereof for insulation), encompasses a wide range of materials used for thermal, acoustic, and electrical insulation in construction, industrial, and automotive sectors. These products include mineral wool, fiberglass, foam plastics, and other synthetic or natural insulating materials. The global demand for insulation products is driven by energy efficiency regulations, urbanization, and the growing emphasis on sustainable building practices.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 5.8 billion
22.9% of total trade of total trade
Increasing
USD 3.2 billion
12.6% of total trade of total trade
Stable
USD 2.9 billion
11.5% of total trade of total trade
Increasing
USD 1.7 billion
6.7% of total trade of total trade
Increasing
USD 1.5 billion
5.9% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries on imported insulation materials)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for eco-friendly insulation materials
Increased trade in bio-based and recycled insulation products due to stricter environmental regulations and consumer preference for sustainability
2021-2023
Growth in construction sector in Asia-Pacific
Significant boost in insulation product exports to countries like India and Indonesia due to rapid urbanization and infrastructure projects
2020-2022
Technological advancements in insulation materials
Higher trade volumes of advanced materials like aerogels and vacuum insulation panels, particularly in high-income markets
2019-2023
The European Union’s Green Deal has introduced stricter energy efficiency standards for buildings, increasing demand for high-performance insulation materials.
January 2023
Expected rise in imports of sustainable insulation products into the EU, benefiting exporters with eco-friendly offerings.
The United States imposed additional tariffs on certain Chinese insulation products as part of ongoing trade tensions, citing unfair trade practices.
March 2022
Shift in US import patterns, with increased sourcing from alternative countries like Mexico and Canada.
Post-COVID supply chain issues and raw material shortages have led to delays and increased costs for insulation product shipments.
Mid-2022
Temporary reduction in trade volumes and higher prices for end consumers, prompting diversification of supply sources.