HS Code:
The category 'Suitable for use in boilers, superheaters, heat exchangers, condensers, refining furnaces, and feedwater heaters' typically falls under HS Code 7304 (Tubes, pipes, and hollow profiles, seamless, of iron or steel) or related subcategories. This category includes specialized steel or alloy tubes and pipes designed for high-pressure and high-temperature environments. These products are critical components in industries such as energy, petrochemicals, and manufacturing, where they are used for heat transfer and fluid transport in extreme conditions. The materials are engineered for durability, corrosion resistance, and thermal efficiency, making them essential for industrial infrastructure globally.
Total Trade Volume
USD 10.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for energy-efficient systems
Increased need for advanced heat exchanger tubes in renewable energy projects and industrial upgrades drives market growth, particularly in Asia-Pacific and Europe.
2021-2023
Shift towards sustainable materials
Manufacturers are investing in corrosion-resistant and recyclable alloys to meet environmental regulations, influencing production costs and trade dynamics.
2022
Supply chain disruptions
Post-COVID recovery and geopolitical tensions (e.g., Russia-Ukraine conflict) have led to raw material shortages and higher steel prices, affecting export volumes.
2022-2023
The European Union introduced anti-dumping tariffs ranging from 10-15% on seamless steel tubes from China to protect domestic manufacturers from unfairly priced imports.
March 2023
This has shifted trade flows, with European buyers sourcing more from alternative suppliers like Japan and South Korea, potentially increasing costs.
The US Infrastructure Investment and Jobs Act, signed into law, includes provisions for upgrading energy infrastructure, increasing demand for heat exchanger and boiler tubes.
November 2021
This has led to a surge in imports and domestic production, with a projected 10% growth in trade volume for 2023.
Leading manufacturers in Japan and Germany have introduced new high-strength, corrosion-resistant alloys for use in extreme conditions, gaining market share in premium segments.
June 2022
This innovation is expected to drive export growth for high-value products, particularly to energy-intensive markets like the Middle East.