HS Code:
The 'Of palm leaf' category, often classified under HS Code 4602.11 or related codes, encompasses products made from palm leaves, including baskets, mats, hats, and other woven articles. These products are primarily handmade and are significant in regions with abundant palm resources. They serve both functional and decorative purposes, often tied to cultural and traditional uses. Global trade in palm leaf products is driven by demand for sustainable, eco-friendly materials and handicrafts in markets such as home dรฉcor and fashion accessories.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
USD 45 million
30% of total trade
Increasing
USD 30 million
20% of total trade
Increasing
USD 25 million
16.7% of total trade
Stable
USD 20 million
13.3% of total trade
Increasing
USD 15 million
10% of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (imposed by certain European countries to protect local industries)
Lowest Rate
0% (under free trade agreements in ASEAN countries)
Rising demand for sustainable products
Increased exports to eco-conscious markets like the EU and North America, boosting trade volume by 10% annually
2021-2022
Growth in e-commerce platforms
Small-scale producers gaining access to global markets, leading to a 15% rise in direct-to-consumer sales
2020-2022
Fluctuations in raw material availability
Climate change and deforestation affecting palm leaf supply, causing price volatility in key exporting regions
2019-2022
The European Union introduced stricter sustainability certification requirements under the Green Deal, mandating proof of eco-friendly harvesting for palm leaf products.
January 2023
Potential short-term decline in exports to the EU for non-compliant producers, but long-term benefits for certified exporters.
New intra-ASEAN trade agreements reduced tariffs on handicraft products, including palm leaf items, to 0% among member countries.
March 2022
Boosted trade within Southeast Asia by 12%, benefiting countries like Vietnam and Indonesia.
Introduction of modern designs and applications for palm leaf products, such as biodegradable packaging, gaining traction in global markets.
September 2022
Opened new market segments, increasing demand by 8% in sectors beyond traditional handicrafts.