HS Code:
Refractory grade products, classified under various HS Codes such as 6902 (Refractory bricks, blocks, tiles, and similar refractory ceramic constructional goods) and 6903 (Other refractory ceramic goods), are specialized materials designed to withstand high temperatures, corrosion, and mechanical stress. These products are critical in industries such as steel, cement, glass, and petrochemicals, where they are used in furnaces, kilns, and reactors. The global trade of refractory grade products is driven by industrial demand, particularly in emerging economies with expanding manufacturing and infrastructure sectors.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand from steel and cement industries
Increased export volumes from major producers like China and India due to infrastructure projects in Asia and Africa
2021-2022
Shift towards sustainable refractory materials
Growing preference for eco-friendly and recyclable refractories, pushing manufacturers to innovate
2020-2022
Supply chain disruptions due to geopolitical tensions
Shortages and price volatility caused by trade restrictions and raw material supply issues, particularly for magnesite and bauxite
2022
The European Union introduced anti-dumping duties ranging from 8% to 36% on certain refractory products from China to protect domestic producers.
March 2023
Expected to increase costs for EU importers and potentially shift sourcing to other countries like India or Brazil.
Major Indian refractory manufacturers announced capacity expansions to meet growing domestic and export demand, supported by government incentives under the 'Make in India' initiative.
July 2023
Likely to strengthen India's position in the global market, challenging China's dominance.
Leading companies in Germany and Japan unveiled new high-performance refractory materials with enhanced thermal resistance and lower environmental impact.
September 2023
Could drive premium pricing in the market and shift demand towards high-value products.