HS Code:
The 'Products used principally for rubber processing' category includes chemicals, compounds, and materials specifically designed for use in the processing and manufacturing of rubber products. This category falls under HS Code 3812, which covers prepared rubber accelerators, compound plasticizers for rubber or plastics, and anti-oxidizing preparations and other compound stabilizers for rubber or plastics. These products are critical in enhancing the durability, elasticity, and resistance of rubber materials used in industries such as automotive, construction, and consumer goods.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.5% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Shift towards eco-friendly rubber processing chemicals
Increased demand for bio-based and non-toxic accelerators and stabilizers due to environmental regulations and consumer preferences.
2021-2023
Growth in automotive industry in Asia-Pacific
Rising production of tires and rubber components in countries like China and India is driving demand for rubber processing products.
2020-2022
Technological advancements in rubber compounding
Innovations in high-performance additives are enhancing product efficiency, creating opportunities for premium-priced products.
2022
The European Union introduced stricter REACH regulations on certain rubber accelerators due to environmental and health concerns, impacting exporters to the region.
March 2023
Increased compliance costs for manufacturers and potential market entry barriers for non-compliant suppliers.
China reported a 15% increase in exports of rubber processing chemicals, driven by competitive pricing and expanded production capacity.
June 2022
Intensified global competition, particularly affecting European and American producers.
A new phase of trade negotiations between the US and China includes discussions on reducing tariffs on chemical products used in rubber processing.
September 2023
Potential reduction in trade barriers, fostering increased bilateral trade in this category.