HS Code:
The category 'Of viscose rayon, untwisted or with a twist not exceeding 120 turns per meter' falls under the Harmonized System (HS) Code related to yarn of man-made staple fibers, specifically viscose rayon. This product category includes yarns made from viscose rayon that are either untwisted or have a low twist (up to 120 turns per meter). Viscose rayon is a semi-synthetic fiber derived from cellulose, widely used in the textile industry for producing fabrics with a soft, silky feel, often as a substitute for cotton or silk. This category is significant in global trade due to its application in apparel, home textiles, and industrial fabrics. Trade in this category is influenced by factors such as raw material availability, manufacturing costs, and demand for sustainable textiles.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-India FTA for specific partners)
Rising demand for sustainable textiles
Increased preference for viscose rayon as a biodegradable alternative to synthetic fibers, boosting trade volumes in eco-conscious markets like Europe.
2021-2022
Shift in production to Asia-Pacific
Lower production costs and abundant raw material supply in countries like China and India have led to a dominance in global exports.
2020-2022
Technological advancements in yarn processing
Improved quality and reduced twist variations have enhanced the appeal of viscose rayon yarn, leading to higher demand in premium textile segments.
2022
The European Union introduced new regulations requiring viscose rayon producers to comply with stricter environmental standards, including reduced water usage and chemical discharge in production.
June 2023
This may increase production costs for exporters to the EU but also offers opportunities for compliant manufacturers to gain market share.
A bilateral agreement between India and China was signed to reduce tariffs on viscose rayon yarn, aiming to boost trade and ensure a steady supply chain for textile manufacturers.
March 2023
This is expected to increase trade volume between the two countries, benefiting downstream textile industries.
Indonesia announced investments in new viscose rayon production facilities to cater to growing domestic and international demand.
September 2022
This development is likely to strengthen Indonesia's position as a key exporter in the global market.