HS Code:
Ram assemblies incorporating a ram wrapper and/or ram cover, classified under the Harmonized System (HS) Code, typically relate to specific components used in industrial machinery, automotive systems, or hydraulic equipment. These assemblies are critical for protecting and enhancing the functionality of rams (pistons or plungers) in various mechanical systems. This category includes protective covers or wrappers designed to shield rams from environmental damage, debris, or wear, ensuring operational efficiency and longevity. Global trade in this category reflects demand in industries such as manufacturing, construction, and automotive repair, driven by industrial automation and infrastructure development.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
USD 320 million
26.7% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Rising demand for durable and eco-friendly materials in ram covers
Increased production of biodegradable or recyclable wrappers, influencing trade towards sustainable suppliers
2021-2022
Growth in industrial automation
Higher demand for ram assemblies in automated machinery, boosting trade volumes particularly in Asia-Pacific and Europe
2020-2022
Supply chain diversification post-pandemic
Shift in sourcing from single-country dependency (e.g., China) to multiple regions like Southeast Asia and Eastern Europe
2021-2023
The European Union introduced new regulations requiring ram wrappers and covers to meet higher environmental and safety standards, including restrictions on certain plastics.
March 2023
Potential increase in production costs for exporters to the EU, but also opportunities for suppliers of compliant materials.
A revised trade agreement reduced tariffs on industrial components, including ram assemblies, between the US and China as part of de-escalation efforts.
January 2023
Expected to boost trade volumes between the two nations, benefiting US importers and Chinese manufacturers.
Introduction of smart ram covers with embedded sensors for wear detection, pioneered by German and Japanese firms, gaining traction in global markets.
July 2022
Increased export value for high-tech assemblies, shifting market focus towards innovation-driven products.