HS Code:
Tool holders and self-opening dieheads (HS Code: 8466.10) are critical components used in machine tools for holding cutting tools or dies during machining operations. These products are essential in industries such as manufacturing, automotive, aerospace, and metalworking, where precision and efficiency are paramount. Tool holders ensure the secure positioning of tools, while self-opening dieheads are used for threading operations, automatically opening to release the workpiece after completion. This category includes a wide range of products like collets, chucks, and specialized dieheads, catering to both manual and CNC (Computer Numerical Control) machinery.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 600 million
24% of total trade of total trade
Increasing
USD 450 million
18% of total trade of total trade
Stable
USD 400 million
16% of total trade of total trade
Increasing
USD 350 million
14% of total trade of total trade
Increasing
USD 200 million
8% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for CNC-compatible tool holders
Driven by the global shift towards automation and precision manufacturing, increasing trade volumes in high-tech markets like Germany and Japan.
2021-2022
Growth in additive manufacturing integration
Emerging hybrid manufacturing processes are influencing demand for specialized tool holders, creating niche markets and opportunities for innovation.
2022
Supply chain diversification
Manufacturers are seeking alternative suppliers in countries like South Korea and Taiwan to mitigate risks from geopolitical tensions and trade disputes.
2020-2022
The European Union introduced provisional anti-dumping duties on certain tool holders from China, citing unfair pricing practices that harm domestic producers.
March 2023
This could lead to a shift in trade flows, with European buyers potentially sourcing more from Japan or South Korea, increasing costs in the short term.
Leading manufacturers in Germany and Japan unveiled new self-opening dieheads with enhanced durability and compatibility with high-speed CNC machines.
June 2023
Expected to drive demand in precision industries like aerospace, potentially increasing export volumes from these countries.
Recent negotiations between the US and China included discussions on reducing tariffs on industrial components, including tool holders, as part of broader trade talks.
September 2023
If finalized, this could lower costs for US importers and increase Chinese market share in the category.