HS Code:
The 'Preparations for the manufacture of beverages' category, classified under HS Code 2102.10 (for active yeasts) and related subcategories, includes products such as beverage concentrates, flavoring agents, extracts, and other preparations used in the production of alcoholic and non-alcoholic beverages. This category is critical to the global beverage industry, supporting the production of soft drinks, juices, energy drinks, and alcoholic beverages like beer and spirits. Trade in this category is driven by the demand for innovative flavors, health-oriented beverages, and cost-effective production inputs.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.1 billion
21.2% of total trade of total trade
Increasing
USD 850 million
16.3% of total trade of total trade
Stable
USD 620 million
11.9% of total trade of total trade
Increasing
USD 500 million
9.6% of total trade of total trade
Stable
USD 380 million
7.3% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
25% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for natural and organic beverage preparations
Increased trade in organic flavor extracts and natural sweeteners, pushing exporters to certify products as organic
2021-2022
Growth in functional and health-oriented beverages
Boosted trade in preparations for energy drinks and fortified beverages with vitamins and probiotics
2020-2022
Shift towards low-sugar and low-calorie options
Higher demand for artificial and natural sweetener preparations, affecting trade patterns for traditional sugar-based concentrates
2019-2022
The European Union introduced new regulations requiring detailed origin certification and stricter allergen labeling for beverage preparations to ensure consumer safety.
March 2023
Increased compliance costs for exporters to the EU, potentially slowing trade from non-compliant regions but benefiting certified suppliers.
A bilateral agreement reduced tariffs on certain beverage preparation categories, facilitating smoother trade between the two countries.
January 2023
Expected to boost Chinese exports of flavoring agents to the US, potentially increasing market competition.
Several major exporters have adopted eco-friendly packaging for beverage concentrates in response to global sustainability demands.
July 2022
May increase production costs but aligns with consumer preferences, potentially enhancing market access in eco-conscious regions like Europe.