HS Code:
The Painters' Fillings category (HS Code: 3214) includes non-refractory surfacing preparations for facades, indoor walls, floors, ceilings, or similar surfaces, commonly used in construction and renovation activities. These products, often referred to as fillers, putties, or caulks, are essential for preparing surfaces before painting or finishing. This category encompasses a wide range of materials like gypsum-based fillers, polymer-based putties, and other compounds used by painters and decorators globally.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
18% of total trade of total trade
Increasing
USD 400 million
16% of total trade of total trade
Stable
USD 350 million
14% of total trade of total trade
Increasing
USD 250 million
10% of total trade of total trade
Stable
USD 200 million
8% 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 Single Market)
Shift towards eco-friendly fillers
Increased demand for low-VOC (volatile organic compounds) and sustainable products due to stricter environmental regulations in Europe and North America.
2021-2022
Growth in construction sector in Asia-Pacific
Rapid urbanization and infrastructure development in countries like India and China have boosted demand for painters' fillings.
2020-2022
Rising raw material costs
Fluctuations in the prices of gypsum and polymers have led to higher production costs, affecting profit margins for manufacturers.
2022
The European Union introduced stricter regulations on chemical compositions in painters' fillings under the Green Deal, pushing manufacturers to innovate with sustainable alternatives.
January 2023
Increased production costs for non-compliant companies but opened new markets for eco-friendly product lines.
A new phase of the US-China trade agreement reduced tariffs on certain construction materials, including painters' fillings, fostering bilateral trade growth.
March 2023
Enhanced market access for Chinese exporters to the US, potentially increasing competition for domestic producers.
Ongoing supply chain issues due to port congestion in Southeast Asia have delayed shipments of raw materials critical for painters' fillings production.
July 2023
Temporary price spikes and delivery delays for end consumers in multiple regions.