HS Code:
The product category under HS Code subheadings 2101.12.48 and 2101.20.48 pertains to preparations with a basis of coffee or tea, respectively, specifically including instant coffee and tea extracts, essences, and concentrates, as well as preparations with a basis of these products. These subheadings cover products that are often used in the food and beverage industry for instant beverages, flavoring, or as ingredients in other processed foods. This category is significant in global trade due to the widespread consumption of coffee and tea-based products across various cultures and markets.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Switzerland)
Rising demand for instant coffee and ready-to-drink tea products
Increased export opportunities for producing countries, especially in emerging markets
2021-2022
Growing preference for sustainable and ethically sourced products
Producers adopting fair-trade and organic certifications to meet consumer demands
2020-2022
Technological advancements in processing and packaging
Improved shelf life and product quality, boosting trade competitiveness
2019-2022
The European Union introduced new regulations requiring detailed origin tracing and sustainability certifications for coffee-based products under HS 2101.12.48 to combat deforestation and ensure ethical sourcing.
June 2023
Increased compliance costs for exporters but potential for premium pricing in the EU market for certified products.
A bilateral agreement reduced tariffs on tea preparations under HS 2101.20.48 between the US and China, aiming to boost trade amidst ongoing tensions.
March 2023
Enhanced market access for Chinese tea extracts in the US, potentially increasing trade volume by 10% in the next year.
Brazil, the leading exporter, invested in new processing facilities to meet growing global demand for instant coffee, focusing on Asian and African markets.
September 2022
Likely to solidify Brazil's dominance in the category, with a projected 5% increase in export volume for 2023.