HS Code:
The 'Other yarn, slivers' category (HS Code: 5605) encompasses metallized yarn, whether or not gimped, being textile yarn, or strip or the like of heading 5404 or 5405, combined with metal in the form of thread, strip or powder or covered with metal. This category also includes other yarns and slivers not classified under more specific yarn categories. These products are used in various industries, including textiles for decorative purposes, technical textiles, and specialized applications. Global trade in this category reflects niche demand for unique yarn types and is influenced by fashion trends, industrial applications, and material innovation.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 120 million
10.0% of total trade of total trade
Decreasing
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU internal trade)
Growing demand for sustainable and eco-friendly yarns
Increased focus on biodegradable and recycled materials in yarn production, pushing manufacturers to innovate
2021-2022
Rise in technical textile applications
Higher demand for specialized yarns in automotive, aerospace, and medical industries, boosting trade volumes
2020-2022
Shift towards automation in production
Reduced production costs in major exporting countries, leading to competitive pricing in global markets
2019-2022
The European Union introduced stricter environmental compliance requirements for imported yarns, including metallized and other specialty yarns, to reduce carbon footprints and promote sustainable practices.
March 2023
Exporters from developing countries may face higher compliance costs, potentially reducing their competitiveness in the EU market.
China announced investments in new manufacturing facilities to increase production of metallized yarns, targeting both domestic and international markets.
June 2022
This could lead to lower global prices due to increased supply, benefiting importers but challenging smaller producers.
A new bilateral agreement between the US and India reduced tariffs on certain textile products, including other yarns, to boost trade relations.
September 2022
Increased exports from India to the US, potentially shifting market shares from other exporters.