HS Code:
The category 'Of cellular rubber or plastics, whether or not covered' (likely under HS Code 4008.11 or related subcategories) includes products made from cellular rubber or plastics, such as sheets, plates, strips, or profiles, which may or may not have a covering layer. These materials are widely used in industries for insulation, cushioning, sealing, and packaging due to their lightweight, flexible, and durable properties. This category is critical in sectors like construction, automotive, and electronics for applications such as gaskets, foam padding, and protective coverings.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 600 million
24% of total trade of total trade
Increasing
USD 400 million
16% of total trade of total trade
Stable
USD 350 million
14% of total trade of total trade
Increasing
USD 250 million
10% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for eco-friendly materials
Increased focus on biodegradable and recycled cellular plastics and rubbers, driving innovation and shifting market preferences.
2021-2023
Growth in automotive and construction sectors
Higher demand for insulation and sealing materials made of cellular rubber and plastics, especially in emerging economies.
2020-2022
Supply chain disruptions
Global shortages of raw materials due to geopolitical tensions and pandemics have led to price volatility and delays.
2021-2022
The European Union has introduced stricter regulations under the Green Deal, targeting single-use plastics and non-recyclable materials, affecting the trade of cellular plastics.
January 2023
Exporters to the EU must adapt to new sustainability standards, potentially increasing production costs but also opening markets for eco-friendly alternatives.
Ongoing trade disputes have led to additional tariffs on Chinese cellular rubber and plastic products entering the US market.
Mid-2022
Shift in supply chains, with US importers seeking alternative suppliers from Southeast Asia and Europe.
New manufacturing techniques for cellular rubber and plastics have improved product durability and reduced costs, boosting competitiveness.
Late 2022
Increased market access for smaller producers and enhanced product offerings in high-demand sectors like automotive and electronics.