HS Code:
The 'Powder' category under the Harmonized System (HS) Code typically includes various types of powdered products such as milk powder, cocoa powder, chemical powders, and other industrial or food-grade powders. This category is critical in global trade due to its wide application in food processing, pharmaceuticals, cosmetics, and industrial manufacturing. Trade in this category is influenced by factors such as raw material availability, production costs, and regulatory standards related to health and safety.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 5.2 billion
20.3% of total trade of total trade
Increasing
USD 4.8 billion
18.8% of total trade of total trade
Stable
USD 3.5 billion
13.7% of total trade of total trade
Increasing
USD 2.9 billion
11.3% of total trade of total trade
Stable
USD 2.1 billion
8.2% of total trade of total trade
Decreasing
Average Rate
6.5%
Highest Rate
35% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for organic and plant-based powders
Increased trade in alternative milk powders (e.g., almond, oat) and organic cocoa powder, driven by consumer health consciousness
2021-2022
Supply chain disruptions due to geopolitical tensions
Higher costs and delays in powder exports, especially for chemical and industrial powders from key manufacturing hubs
2022
Technological advancements in powder processing
Improved quality and shelf-life of powdered products, boosting export potential for countries with advanced technologies
2020-2022
The European Union introduced a temporary tariff hike on milk powder imports from non-EU countries to protect local dairy farmers amid oversupply concerns.
March 2023
Potential decrease in milk powder exports to the EU from countries like New Zealand and the United States, redirecting trade to Asian markets
A new bilateral agreement reduced tariffs on certain chemical powders, facilitating smoother trade between the two nations after years of tension.
January 2023
Expected increase in US exports of industrial powders to China, strengthening market access for American manufacturers
Adverse weather conditions in West Africa led to a significant drop in cocoa production, causing a global shortage of cocoa powder.
July 2023
Price surges in cocoa powder, affecting food manufacturers worldwide and prompting a shift to alternative ingredients