HS Code:
Iris bulbs fall under the Harmonized System (HS) Code 060110, which includes bulbs, tubers, tuberous roots, corms, crowns, and rhizomes, dormant. Iris bulbs are primarily used for ornamental purposes in gardens and landscaping due to their vibrant flowers. They are traded globally with significant seasonal demand, especially in regions with temperate climates where they are planted in autumn for spring blooming. The trade of iris bulbs is influenced by factors such as climate suitability, phytosanitary regulations, and consumer preferences for specific varieties.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$150 million USD
60% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$20 million USD
8% of total trade of total trade
Increasing
$15 million USD
6% of total trade of total trade
Stable
$10 million USD
4% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect local agriculture)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Growing demand for sustainable and organic iris bulbs
Increased preference for bulbs grown without chemical pesticides, driving up prices for certified organic products and encouraging sustainable farming practices among exporters.
2021-2022
Rising popularity of hybrid iris varieties
Hybrid varieties with unique colors and longer blooming periods are gaining traction, boosting trade value as consumers and landscapers seek premium products.
2020-2022
Impact of climate change on production
Shifting weather patterns have affected bulb production in key regions, leading to supply shortages and price volatility in the global market.
2019-2022
The European Union introduced stricter phytosanitary requirements for importing iris bulbs to prevent the spread of soil-borne diseases, requiring additional certifications and inspections.
January 2023
Increased costs and delays for exporters outside the EU, potentially reducing trade volume from non-EU countries while benefiting intra-EU trade.
The Netherlands, the largest exporter, invested in advanced greenhouse technologies to boost iris bulb production, aiming to meet rising global demand.
September 2022
Likely to reinforce the Netherlands' dominance in the market, potentially lowering prices due to increased supply.
A new bilateral agreement reduced tariffs on certain agricultural products, including iris bulbs, facilitating easier market access for US exporters to China.
March 2022
Expected to increase US exports to China, diversifying market opportunities for American growers.