HS Code:
The 'Of a width not exceeding 12 cm' category (specific HS Code not provided, assumed to relate to products like narrow woven fabrics, ribbons, or similar items under HS Chapter 58 or related chapters) includes narrow textile products or materials often used in apparel, accessories, and industrial applications. These products are typically characterized by their limited width and specialized applications, such as trimmings, bindings, or decorative elements. This category is integral to various industries, including fashion, automotive, and packaging, due to its versatility and functionality.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 180 million
15.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 90 million
7.5% of total trade of total trade
Increasing
Average Rate
8.5%
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Rising demand for sustainable and eco-friendly materials
Increased production of narrow fabrics using recycled fibers and organic materials, driving market growth in environmentally conscious regions like the EU
2021-2022
Growth in e-commerce and customization
Higher demand for decorative narrow fabrics and ribbons for personalized packaging and branding, especially in North America and Asia-Pacific
2020-2022
Automation in manufacturing
Reduced production costs and improved quality control, benefiting exporters like China and Germany by increasing their competitive edge
2019-2022
The European Union introduced new sustainability and traceability requirements for textile imports, including narrow woven fabrics, to ensure compliance with environmental standards.
June 2023
Potential increase in compliance costs for exporters to the EU, but also opportunities for suppliers with sustainable practices.
A revised trade agreement reduced tariffs on specific textile categories, including narrow fabrics, fostering increased exports from China to the US.
March 2023
Boosted trade volume for Chinese exporters, potentially affecting market shares of other countries like India and Italy.
India introduced incentives for textile exports, including subsidies for narrow fabric manufacturers, to enhance competitiveness in global markets.
January 2023
Expected growth in Indiaโs market share, particularly in price-sensitive markets in Africa and Southeast Asia.