HS Code:
The 'Of cellular rubber' category (HS Code: 4016.10) includes products made of cellular rubber, such as gaskets, washers, seals, and other articles used in various industries including automotive, construction, and manufacturing. Cellular rubber is characterized by its porous structure, providing excellent insulation, cushioning, and sealing properties. This category is critical for applications requiring vibration dampening, thermal insulation, and weatherproofing.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 250 million
20.8% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12.5% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in automotive sector
Increased need for cellular rubber in electric vehicle (EV) battery insulation and sealing solutions is driving market growth.
2021-2023
Shift towards sustainable materials
Manufacturers are investing in eco-friendly rubber production methods, influencing supply chain dynamics and costs.
2022-2023
Supply chain disruptions
Global shipping delays and raw material shortages have led to price volatility and delivery challenges.
2021-2022
The European Union introduced new regulations on rubber products to ensure compliance with sustainability standards, affecting exporters to the region.
June 2023
Increased production costs for non-compliant manufacturers, potential market access barriers for smaller exporters.
A new phase of trade negotiations reduced tariffs on certain rubber products, including cellular rubber, boosting bilateral trade.
March 2023
Enhanced market access for Chinese exporters to the US, potential increase in competitive pricing.
Major manufacturers unveiled advanced cellular rubber products for aerospace and renewable energy sectors at a global trade expo.
September 2023
Expansion of market applications, likely to drive demand in niche high-value sectors.