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📦 Slip joint pliers

Slip joint pliers

HS Code:

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Overview

Slip joint pliers, classified under HS Code 8203.20, are a type of adjustable hand tool used for gripping, twisting, and cutting. They feature an adjustable pivot point that allows the jaws to open to different widths, making them versatile for various tasks in construction, automotive repair, and general maintenance. This product category is a subset of hand tools and is widely traded globally due to its essential utility across industries.

Total Trade Volume

USD 250 million

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.5%

Highest Rate

12% (imposed by certain developing countries to protect local manufacturing)

Lowest Rate

0% (under free trade agreements such as USMCA and EU Single Market)

Common Restrictions

  • Import quotas in some countries to support domestic tool manufacturers
  • Anti-dumping duties on Chinese exports in the EU and US
  • Quality certification requirements for safety standards

Market Trends

Rising demand for ergonomic designs

Manufacturers are focusing on user-friendly designs to reduce hand fatigue, driving innovation and increasing market share for premium products.

2021-2022

Shift towards sustainable materials

Increased use of recycled metals and eco-friendly packaging to meet environmental regulations and consumer preferences.

2020-2022

Growth in DIY and home improvement markets

Surge in demand for affordable slip joint pliers due to increased home renovation projects, especially post-pandemic.

2020-2022

Recent Developments

US Tariffs on Chinese Hand Tools

The United States imposed an additional 7.5% tariff on Chinese hand tools, including slip joint pliers, as part of ongoing trade tensions.

January 2023

Increased costs for US importers, potential shift to alternative suppliers in Taiwan and India.

EU Green Manufacturing Standards

The European Union introduced stricter environmental standards for hand tool manufacturing, focusing on reducing carbon footprint.

March 2023

Manufacturers are investing in sustainable production, which may raise prices but improve long-term market access in the EU.

New Free Trade Agreement in Asia-Pacific

The Regional Comprehensive Economic Partnership (RCEP) reduced tariffs on hand tools among member countries, boosting trade in the region.

January 2022

Enhanced market access for Chinese and Taiwanese exporters, increasing competition in the Asia-Pacific region.