HS Code:
The category 'Suitable for use in boilers, superheaters, heat exchangers, condensers, refining furnaces, and feedwater heaters, whether or not cold drawn' refers to specialized steel tubes and pipes (often classified under HS Code 7304.31 or similar subheadings) designed for high-pressure and high-temperature applications in industrial settings. These products are critical components in energy, petrochemical, and manufacturing sectors, offering durability and resistance to extreme conditions. They are used in power plants, refineries, and chemical processing units globally.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 1.3 billion
25% of total trade of total trade
Increasing
USD 800 million
15% of total trade of total trade
Stable
USD 650 million
12.5% of total trade of total trade
Increasing
USD 500 million
9.6% of total trade of total trade
Stable
USD 400 million
7.7% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for energy infrastructure
Increased need for high-quality steel tubes in power generation and refining sectors, particularly in Asia-Pacific and Middle East regions, driving trade volume growth by 8% annually.
2021-2023
Shift towards sustainable production
Manufacturers adopting greener technologies to meet global carbon reduction goals, influencing trade patterns as countries prioritize low-emission suppliers, affecting cost structures.
2022-2023
Technological advancements in material science
Development of corrosion-resistant and high-strength alloys boosting product longevity and efficiency, leading to higher export values for premium products from developed nations.
2020-2023
The United States introduced a 25% tariff on specific Chinese steel tube imports under anti-dumping measures, citing unfair trade practices and market distortion.
March 2023
Shift in supply chains as US importers look to alternative suppliers like South Korea and India, potentially increasing costs by 10-15%.
The European Union launched a policy framework incentivizing low-carbon steel production, offering subsidies for compliant manufacturers of industrial tubes and pipes.
June 2023
European producers gain a competitive edge in global markets, potentially increasing EU export share by 5% over the next two years.
India announced a USD 1 trillion infrastructure plan, including new power plants and refineries, significantly increasing domestic demand for specialized steel tubes.
August 2023
Boost in imports from China and Japan, with trade volume expected to rise by 12% in the region over the next 18 months.