HS Code:
The 'Packed in a liquid medium in airtight containers' category typically includes food products such as fruits, vegetables, fish, and other perishables that are preserved in liquids (e.g., water, brine, oil, or syrup) and sealed in airtight containers like cans or jars. This preservation method extends shelf life and facilitates global trade by ensuring product safety and quality during transportation. This category falls under various HS codes depending on the specific product, such as HS 2001 for fruits and HS 1604 for prepared fish. It is a significant segment in the global food trade, driven by consumer demand for ready-to-eat and long-lasting food products.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.8 billion
18.8% of total trade of total trade
Increasing
USD 3.2 billion
12.5% of total trade of total trade
Stable
USD 2.9 billion
11.3% of total trade of total trade
Increasing
USD 2.5 billion
9.8% of total trade of total trade
Increasing
USD 1.8 billion
7.0% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
35% (applied by certain developing countries on specific products to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Growing demand for organic and sustainably sourced products
Increased market share for producers adhering to organic certification and eco-friendly packaging, especially in Europe and North America
2021-2023
Rise in e-commerce and direct-to-consumer sales
Shift in distribution channels, with smaller producers gaining access to international markets through online platforms
2020-2022
Fluctuating raw material costs due to climate change
Higher production costs for canned goods, impacting profit margins and export competitiveness
2022-2023
The European Union introduced new regulations requiring sustainable packaging for canned goods to reduce environmental impact, affecting exporters to the EU market.
January 2023
Increased production costs for non-EU exporters but potential long-term benefits for brands with sustainable practices.
A new phase of the US-China trade agreement reduced tariffs on certain canned seafood products, boosting Chinese exports to the US.
March 2022
Enhanced market access for Chinese producers, potentially increasing competition for other exporters.
Thailand, a leading exporter, invested in new canning facilities to meet rising global demand for tropical fruits and seafood.
July 2022
Strengthened Thailand's position as a top exporter, likely increasing its market share in the coming years.