HS Code:
Recyclable beverage containers, typically classified under HS Code 7612 (aluminum casks, drums, cans, boxes, etc.) or related codes, include containers made of materials like aluminum, steel, and sometimes glass or plastic, designed for beverages such as soda, beer, and water. These containers are critical in the global beverage industry due to their lightweight, durable, and recyclable nature, contributing significantly to sustainability efforts. Trade in this category is driven by demand for eco-friendly packaging, rising beverage consumption, and recycling initiatives worldwide.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
USD 2.1 billion
20% of total trade of total trade
Increasing
USD 1.8 billion
17% of total trade of total trade
Increasing
USD 1.2 billion
11% of total trade of total trade
Stable
USD 800 million
8% of total trade of total trade
Decreasing
USD 600 million
6% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for sustainable packaging
Increased production and trade of aluminum and steel beverage containers due to their high recyclability rates compared to plastic.
2020-2023
Growth in beverage consumption in emerging markets
Higher export volumes to regions like Asia-Pacific and Latin America, driven by population growth and urbanization.
2019-2022
Technological advancements in container design
Introduction of lightweight and innovative designs to reduce material costs and improve recycling efficiency, boosting trade competitiveness.
2021-2023
The European Union updated its Circular Economy Action Plan, mandating higher recycling targets for beverage containers and imposing stricter import standards for non-compliant materials.
March 2023
Exporters to the EU must adapt to new regulations, potentially increasing costs but also opening opportunities for sustainable container manufacturers.
A bilateral agreement reduced tariffs on aluminum beverage containers between the US and China, aiming to balance trade and address overcapacity concerns in the aluminum sector.
January 2023
Increased trade flows between the two countries, benefiting US importers and Chinese exporters, though raising concerns for other competing nations.
Brazil launched a program offering tax incentives for companies using recyclable beverage containers, boosting domestic production and imports of aluminum cans.
July 2022
Strengthened Brazil’s position in the global market, with a notable increase in trade volume and investment in recycling infrastructure.