HS Code:
The Plasticized category, often associated with HS Code 3904 (Polymers of vinyl chloride or of other halogenated olefins, in primary forms, plasticized), includes plastic materials that have been made flexible and workable through the addition of plasticizers. These materials are widely used in industries such as construction, automotive, packaging, and consumer goods for products like cables, films, and synthetic leather. The category plays a significant role in global trade due to its versatility and widespread industrial applications.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Shift towards bio-based plasticizers
Driven by environmental concerns and regulations, industries are adopting eco-friendly alternatives, increasing demand for sustainable plasticized products.
2021-2023
Rising demand in construction and automotive sectors
Growing infrastructure projects and vehicle production in emerging economies are boosting the market for plasticized materials.
2020-2022
Impact of global supply chain disruptions
Shortages of raw materials and shipping delays have led to price volatility and supply constraints for plasticized products.
2021-2022
The European Union expanded restrictions on certain phthalates used in plasticizers, affecting imports of plasticized products.
July 2023
Manufacturers are forced to adapt formulations, increasing production costs but opening markets for compliant suppliers.
China reported a significant increase in plasticized product exports due to competitive pricing and increased production capacity.
March 2023
This has intensified global competition, putting pressure on other exporters to lower prices or innovate.
The United States adjusted tariffs on certain plasticized imports from specific countries as part of trade negotiations.
January 2023
This has shifted trade flows, benefiting alternative suppliers while increasing costs for affected exporters.