HS Code:
The category of Slivers, Rovings, Yarn, Chopped Strands, and Mats thereof (typically classified under HS Code 7019) pertains to various forms of glass fibers and articles made from them. These products are essential in industries such as construction, automotive, aerospace, and renewable energy for reinforcement purposes in composites, insulation, and other applications. Slivers and rovings are continuous strands of glass fibers, yarn is twisted fibers used for weaving, chopped strands are short fibers for reinforcement, and mats are non-woven fabrics made from these fibers. This category plays a critical role in lightweight, durable material manufacturing.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in renewable energy sector
Increased use of glass fiber products in wind turbine blades has boosted trade volumes, especially in Europe and Asia
2021-2022
Shift towards lightweight materials in automotive industry
Rising exports to automotive hubs like Germany and the US due to demand for fuel-efficient vehicles using composites
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade flows affected by export restrictions and increased costs, particularly impacting Chinese exports
2022
The European Union introduced anti-dumping duties ranging from 19.9% to 69.7% on certain glass fiber imports from China to protect domestic producers.
June 2021
Reduced competitiveness of Chinese exports in the EU market, potential shift of trade to other regions or suppliers
Major glass fiber manufacturers in India announced capacity expansions to meet growing domestic and export demand, supported by government incentives.
March 2022
India emerging as a significant player in the global market, potentially challenging established exporters like China
Negotiations under Phase One trade deal included discussions on reducing tariffs for glass fiber products, though no final resolution was reached.
October 2022
Continued uncertainty in trade relations, affecting long-term planning for exporters and importers