Logo

Whatariff.com

Global Tariffs, Categorized

🇺🇸 United States
🌍 Select Country
📦 Other polyesters

Other polyesters

HS Code:

📦

Overview

The 'Other Polyesters' category, classified under HS Code 3907.99, encompasses a range of polyester resins and products not covered under more specific polyester classifications. This includes unsaturated polyesters used in reinforced plastics, coatings, and adhesives, as well as other specialty polyester materials used in industrial applications. These materials are critical in industries such as automotive, construction, and electronics due to their durability, chemical resistance, and versatility.

Total Trade Volume

USD 5.2 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

6.5%

Highest Rate

12% (applied by certain developing countries)

Lowest Rate

0% (under free trade agreements such as EU-USMCA)

Common Restrictions

  • Import quotas in specific regions to protect domestic industries
  • Anti-dumping duties imposed on certain exporters
  • Environmental regulations requiring compliance with recycling standards
  • Certification requirements for industrial-grade polyesters

Market Trends

Growing demand for sustainable polyesters

Increased R&D investment in bio-based and recyclable polyesters to meet environmental regulations and consumer preferences.

2021-2023

Rising use in automotive lightweighting

Higher demand for unsaturated polyesters in composite materials for vehicle parts to improve fuel efficiency.

2020-2022

Shift towards Asia-Pacific manufacturing

Increased production capacity in countries like China and India due to lower labor costs and growing industrial bases.

2019-2023

Recent Developments

EU Imposes New Recycling Standards

The European Union introduced stricter recycling and sustainability standards for polyester products, mandating a minimum recycled content in industrial applications.

June 2023

Increased production costs for non-compliant exporters but potential long-term benefits for sustainable producers.

US-China Trade Agreement Update

A new phase of the US-China trade agreement reduced tariffs on certain polyester categories, boosting trade volumes between the two countries.

March 2023

Positive impact on Chinese exporters and US importers with reduced costs and increased market access.

Breakthrough in Bio-Based Polyesters

A leading chemical company announced a new bio-based polyester resin with performance comparable to traditional materials, gaining traction in the market.

September 2022

Potential shift in market share towards eco-friendly products, influencing future trade patterns.