HS Code:
The category of machines for forming pneumatic tires (HS Code: 8477.51) includes specialized machinery used in the production and manufacturing of pneumatic tires, primarily for automotive and industrial applications. These machines are critical in shaping and forming tire components, ensuring structural integrity and performance. This category falls under the broader classification of machinery for working rubber or plastics, reflecting its niche but essential role in the global tire manufacturing industry.
Total Trade Volume
USD 320 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Increased demand for automation in tire manufacturing
Growing investments in advanced machinery to improve production efficiency and reduce labor costs, driving trade volume upwards.
2021-2023
Shift towards eco-friendly tire production
Rising need for machines that support sustainable materials and processes, influencing design and innovation in this category.
2022-2023
Regionalization of supply chains
Manufacturers are sourcing machinery closer to production hubs to minimize delays and costs, affecting trade patterns.
2020-2022
The European Union introduced stricter safety and environmental standards for tire-forming machinery, requiring manufacturers to adapt designs for compliance.
March 2023
Potential increase in production costs for exporters to the EU, but also opportunities for innovation in compliant machinery.
A revised trade agreement reduced tariffs on industrial machinery, including tire-forming machines, between the US and China.
January 2023
Expected boost in bilateral trade for this category, benefiting Chinese exporters and US manufacturers.
Growing demand for electric vehicles has spurred tire manufacturers to invest in specialized forming machines for high-performance tires.
June 2022
Increased global demand for advanced machinery, particularly from markets like Germany and Japan.