HS Code:
The Thermal Transfer category, often associated with products like thermal transfer printers, ribbons, and related materials (commonly classified under HS Code 8443 for printing machinery and accessories), involves equipment and consumables used for printing labels, barcodes, and other markings through heat transfer technology. This category is critical in industries such as logistics, retail, manufacturing, and healthcare for tracking and labeling purposes. The technology ensures durable and high-quality prints resistant to fading and smudging, making it a preferred choice for industrial applications.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
USD 1.1 billion
34.4% of total trade of total trade
Increasing
USD 650 million
20.3% of total trade of total trade
Stable
USD 480 million
15.0% of total trade of total trade
Increasing
USD 320 million
10.0% of total trade of total trade
Stable
USD 250 million
7.8% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Rising demand for automation in logistics and warehousing
Increased adoption of thermal transfer printers for efficient labeling and tracking, driving market growth by 8% annually
2022
Shift towards eco-friendly thermal transfer materials
Growing preference for recyclable ribbons and sustainable printing solutions due to environmental regulations
2023
Technological advancements in printer durability and speed
Enhanced product offerings leading to higher replacement rates and market expansion in emerging economies
2021
The European Union introduced new regulations requiring thermal transfer ribbons to meet higher recyclability standards, affecting exporters to the region.
June 2023
Increased production costs for manufacturers but potential for long-term market growth in sustainable products
A revised trade agreement reduced tariffs on thermal transfer equipment from China to the US, easing supply chain constraints.
March 2023
Boosted imports from China, potentially lowering costs for US consumers
Japan announced a government-backed fund to support R&D in thermal transfer printing technology, aiming to maintain competitive edge.
January 2023
Expected to drive innovation and strengthen Japan’s position in high-end market segments