HS Code:
The category 'Of viscose rayon, with a twist exceeding 120 turns per meter (HS Code: 5403.31)' pertains to synthetic filament yarn made of viscose rayon, a semi-synthetic fiber derived from cellulose. This specific classification includes yarn with a high twist level (exceeding 120 turns per meter), which enhances durability and is commonly used in weaving and knitting for textiles such as apparel, upholstery, and industrial fabrics. This category is significant in the global textile industry due to the versatility and cost-effectiveness of viscose rayon as a substitute for natural fibers like cotton and silk.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Asia FTAs)
Rising demand for sustainable textiles
Increased preference for eco-friendly viscose rayon production methods, boosting trade in certified sustainable yarns
2021-2023
Shift towards automation in textile manufacturing
Enhanced production efficiency in major exporting countries like China and India, leading to competitive pricing
2020-2022
Fluctuating raw material costs
Price volatility of wood pulp (key input for viscose rayon) affecting export margins and trade volumes
2022
The European Union introduced new regulations requiring viscose rayon producers to comply with stricter environmental standards, including reduced water usage and chemical emissions.
June 2023
Potential increase in production costs for exporters to the EU, but also an opportunity for producers with sustainable practices to gain market share.
The Indian government announced additional export incentives for textile products, including viscose rayon yarns, under the RoDTEP scheme to boost competitiveness.
March 2023
Likely to increase India's share in global trade for this category, especially in price-sensitive markets.
Recent negotiations between China and the US have led to a temporary reduction in tariffs on certain textile categories, including viscose rayon yarns.
September 2023
Expected to boost Chinese exports to the US, potentially altering trade dynamics in North America.