HS Code:
The category 'Water absorption coefficient by weight exceeding 0.5 percent but not exceeding 10 percent' typically pertains to specific types of paper, paperboard, or similar materials classified under the Harmonized System (HS) Code, often within Chapter 48 (Paper and Paperboard). These materials are characterized by their moderate water absorption properties, making them suitable for applications such as printing, packaging, or industrial uses where controlled moisture resistance is required. This category is crucial in industries requiring materials with specific physical properties for manufacturing and processing.
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 450 million
18% of total trade of total trade
Stable
USD 400 million
16% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Stable
USD 250 million
10% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable packaging materials
Increased trade in eco-friendly paper products with specific absorption properties due to global push for sustainability
2021-2022
Technological advancements in paper production
Enhanced quality and consistency of water absorption properties, boosting export potential for high-tech producers
2020-2022
Shift towards digital media
Slight reduction in demand for traditional printing papers in developed markets, affecting trade volumes
2019-2022
The European Union introduced new regulations requiring paper products to meet enhanced environmental and recycling standards, impacting exporters to the region.
March 2023
Potential increase in production costs for non-EU exporters; may favor local producers with established compliance.
A new phase of the US-China trade agreement reduced tariffs on certain paper products, including those in this category, to promote bilateral trade.
January 2023
Expected boost in trade volumes between the two countries, benefiting Chinese exporters and US importers.
Several leading manufacturers in Germany and Japan unveiled new production techniques to improve water absorption control in paper products.
October 2022
Likely to increase market share for these countries as demand for high-quality materials grows.