HS Code:
The category 'Of a thickness of less than 0.5 mm' typically refers to thin metal sheets, foils, or similar materials under Harmonized System (HS) codes related to metals like aluminum, steel, or copper (e.g., HS 7607 for aluminum foil or HS 7210 for flat-rolled iron/steel products). These products are widely used in industries such as packaging, construction, automotive, and electronics due to their lightweight, malleable, and conductive properties. This category is critical in global supply chains, especially for food packaging (e.g., aluminum foil) and industrial applications.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Rising demand for sustainable packaging
Increased use of thin aluminum foil in eco-friendly food packaging due to recyclability, driving market growth by 3-5% annually.
2021-2023
Technological advancements in production
Innovations in rolling technology have reduced production costs for ultra-thin foils, making them more competitive against plastic alternatives.
2020-2022
Supply chain disruptions
Post-COVID raw material shortages and shipping delays have led to price volatility, impacting smaller manufacturers.
2021-2022
The European Union introduced anti-dumping duties ranging from 6% to 12% on Chinese aluminum foil under 0.5 mm thickness to protect domestic producers.
March 2023
Expected to shift some market share to European producers but may increase costs for EU consumers.
Revised rules under the USMCA have reduced tariffs on thin metal products between the US, Canada, and Mexico, boosting regional trade.
July 2022
Trade volume within North America increased by 8% in 2022 for this category.
Major global manufacturers have pledged to increase the use of recycled materials in thin foil production, aligning with global sustainability goals.
September 2023
Likely to enhance consumer trust and open new markets, though initial costs may rise.