HS Code:
Screw hooks and screw rings, classified under HS Code 731813, are types of fasteners made of iron or steel, designed to be screwed into wood, metal, or other materials for hanging or securing items. These products are widely used in construction, home improvement, and industrial applications for their durability and ease of use. They come in various sizes and finishes to suit different environmental conditions and load-bearing requirements. Global trade in this category is driven by demand in construction and manufacturing sectors, with production often concentrated in countries with strong steel industries.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
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 internal market or USMCA)
Rising demand in construction sector
Increased imports in developing economies due to urbanization and infrastructure projects
2021-2022
Shift towards corrosion-resistant materials
Growing preference for stainless steel and coated screw hooks/rings to withstand harsh environments
2020-2022
Automation in manufacturing
Reduction in production costs and improved quality, boosting export competitiveness of major producers
2019-2022
The European Union extended anti-dumping duties on certain iron and steel fasteners, including screw hooks and rings, from China to prevent market distortion.
February 2023
Increased costs for EU importers, potential shift to alternative suppliers like Taiwan or India
The US Infrastructure Investment and Jobs Act has spurred demand for construction materials, including screw hooks and rings, benefiting domestic and international suppliers.
November 2021
Higher export volumes to the US, particularly from China and Germany
Major exporters are adopting greener production methods for fasteners to comply with stricter environmental regulations in markets like the EU.
June 2022
Potential cost increases but improved market access in eco-conscious regions