HS Code:
The 'Of cane, osier, or similar materials' category (often classified under HS Code 4602) includes products such as baskets, wickerwork, and other articles made from plaiting materials like cane, osier, bamboo, and rattan. These products are primarily used for household, decorative, and utilitarian purposes. This category is significant in global trade due to its cultural and artisanal value, often produced in regions with abundant natural resources and traditional craftsmanship.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$1.2 billion USD
48% of total trade of total trade
Increasing
$500 million USD
20% of total trade of total trade
Increasing
$300 million USD
12% of total trade of total trade
Stable
$150 million USD
6% of total trade of total trade
Stable
$100 million USD
4% of total trade of total trade
Increasing
Average Rate
8.5%
Highest Rate
25% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like ASEAN or EU preferential tariffs)
Rising demand for eco-friendly and sustainable products
Increased exports from countries with sustainable sourcing practices, like Vietnam and Indonesia, as consumers prioritize biodegradable and natural materials over plastic alternatives.
2021-2022
Growth in e-commerce platforms for handicrafts
Small-scale producers and artisans in developing countries gain access to global markets, boosting trade volumes for niche and customized wicker products.
2020-2022
Fluctuations in raw material availability due to climate change
Supply chain disruptions in regions dependent on cane and rattan harvests, leading to price volatility and shifts in production to alternative materials.
2019-2022
The European Union has introduced stricter sustainability requirements under the Green Deal, mandating certification for cane and rattan products to ensure environmentally friendly sourcing.
January 2023
Exporters from Asia must adapt to new compliance costs, potentially reducing short-term competitiveness but benefiting long-term market access for sustainable producers.
The EU-Vietnam Free Trade Agreement (EVFTA) has reduced tariffs on wickerwork and cane products to 0% over a phased period, boosting Vietnam's exports to Europe.
August 2020 (ongoing impact in 2022-2023)
Vietnam's market share in the EU has grown significantly, challenging China's dominance in this category.
Indonesia partially lifted its ban on raw rattan exports to encourage value-added processing domestically, impacting global supply chains for cane and osier products.
March 2022
Increased availability of processed rattan products from Indonesia, potentially lowering costs for importers but creating competition for raw material exporters.