HS Code:
The category 'Pulley tackle and hoists other than skip hoists or hoists of a kind used for raising vehicles' (HS Code: 8425.19) includes manually operated pulley systems, chain hoists, and other lifting equipment not specifically designed for vehicles or skip hoists. These products are essential in industries such as construction, manufacturing, and warehousing for lifting and moving heavy loads. They are valued for their simplicity, durability, and cost-effectiveness in environments where electric or hydraulic systems are impractical.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for lightweight and portable hoists
Increased adoption in small-scale industries and construction sites due to ease of use and cost savings
2021-2022
Shift towards sustainable materials
Manufacturers are using recycled metals and eco-friendly coatings to meet environmental regulations and consumer preferences
2020-2022
Growth in e-commerce and warehousing
Higher demand for manual hoists in logistics for handling goods in distribution centers
2019-2022
The European Union introduced updated safety standards for manual hoists, requiring enhanced load testing and labeling for all imported products.
March 2023
Exporters to the EU may face higher compliance costs, potentially increasing prices for European consumers.
A revised trade agreement reduced tariffs on certain industrial equipment, including pulley tackle and hoists, from 7.5% to 4% for Chinese exports to the US.
January 2023
This reduction is expected to boost Chinese exports to the US, intensifying competition for domestic manufacturers.
Several leading manufacturers unveiled new ergonomic designs for manual hoists, reducing operator fatigue and improving safety.
September 2022
These innovations are likely to drive demand in markets prioritizing worker safety, such as North America and Europe.