HS Code:
The category 'Plates, sticks, tips and the like for tools, unmounted, of cermets' falls under HS Code 820900. This category includes unmounted tool inserts and components made of cermets, which are composite materials composed of ceramic and metallic materials. These products are primarily used in industrial applications for cutting, milling, and drilling tools due to their high hardness, wear resistance, and thermal stability. They are critical in manufacturing sectors such as automotive, aerospace, and heavy machinery.
Total Trade Volume
Approximately USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) statistics
USD 320 million
26.7% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Increasing
USD 90 million
7.5% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for high-performance cutting tools
Increased trade volume due to growth in automotive and aerospace manufacturing, driving demand for durable cermet tools.
2021-2022
Shift towards sustainable manufacturing
Growing preference for cermet tools over traditional materials due to longer lifespan and reduced need for frequent replacement.
2022
Technological advancements in cermet compositions
Innovations in material science are leading to stronger and more efficient cermet products, boosting market competitiveness.
2020-2022
The European Union introduced provisional anti-dumping duties on cermet tool components from China, citing unfair pricing practices that harmed local manufacturers.
March 2023
Potential reduction in Chinese exports to the EU, while benefiting domestic producers in Germany and other EU countries.
Japan and South Korea signed a bilateral agreement to reduce tariffs on industrial tool components, including cermets, to enhance supply chain integration.
July 2022
Expected to increase trade volume between the two countries and stabilize prices in the Asian market.
The US government announced incentives for domestic production of industrial tool components as part of its 'Made in America' initiative.
September 2023
Likely to reduce reliance on imports and boost US trade volume in the long term.