HS Code:
The category 'Strip put up in packaging for use as decorative or gift-wrapping ribbon' (often classified under HS Code 5806.32 or similar depending on material and specific use) includes narrow woven fabrics, strips, and ribbons primarily used for decorative purposes, such as gift wrapping, floral arrangements, and crafting. These products are typically made from materials like polyester, nylon, or other synthetic fibers, and are often packaged in rolls or spools for retail sale. This category is a niche but significant part of the global textile and packaging industries, driven by seasonal demand (e.g., holidays) and consumer trends in gifting and DIY crafts.
Total Trade Volume
Approximately $500 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$200 million USD
40% of total trade of total trade
Increasing
$80 million USD
16% of total trade of total trade
Stable
$50 million USD
10% of total trade of total trade
Stable
$40 million USD
8% of total trade of total trade
Increasing
$30 million USD
6% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local textile industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or in duty-free zones)
Shift towards eco-friendly materials
Increased demand for biodegradable and recycled ribbons, prompting manufacturers to innovate with sustainable materials like cotton or hemp, though cost remains a barrier for mass adoption.
2021-2023
Growth in e-commerce and personalized gifting
Rise in online retail has boosted demand for decorative ribbons as part of premium packaging solutions, especially for small businesses and subscription box services.
2020-2022
Seasonal demand fluctuations
Significant spikes in trade volume during holiday seasons (e.g., Christmas, Valentine’s Day) drive short-term supply chain pressures and price volatility.
Annual recurring trend
The European Union introduced stricter labeling requirements for synthetic ribbons, mandating clear disclosure of material composition and potential allergens to ensure consumer safety.
June 2023
Increased compliance costs for exporters to the EU, potentially affecting smaller manufacturers in Asia, while benefiting consumers with better transparency.
Ongoing trade disputes have led to additional tariffs on Chinese-made decorative ribbons entering the US market, prompting importers to explore alternative sourcing from Taiwan and Vietnam.
March 2022
Shift in supply chains, with potential price increases for US consumers and opportunities for other exporting countries to gain market share.
Major retailers in North America and Europe have partnered with manufacturers to launch lines of eco-friendly ribbons made from recycled plastics and natural fibers.
October 2022
Positive for brand image and consumer appeal, though higher production costs may limit scalability in price-sensitive markets.