HS Code:
The category 'Vacuum flasks and other vacuum vessels, complete; parts thereof other than glass inners' (HS Code: 961700) includes insulated containers designed to keep liquids hot or cold, such as vacuum flasks, thermoses, and related parts excluding glass inners. These products are widely used for personal, commercial, and industrial purposes, with materials often including stainless steel or plastic for durability and insulation. This category is a significant part of household and travel goods trade, driven by demand for portable and sustainable beverage storage solutions.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.2 billion
48% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Stable
USD 250 million
10% of total trade of total trade
Increasing
USD 200 million
8% of total trade of total trade
Stable
USD 150 million
6% of total trade of total trade
Increasing
Average Rate
5.8%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for eco-friendly materials
Increased production of vacuum flasks using recyclable stainless steel and biodegradable plastics, driving market expansion in environmentally conscious regions like Europe.
2021-2022
Rise in outdoor and travel activities
Boosted sales of durable, lightweight vacuum flasks for camping, hiking, and travel, especially in North America and Asia-Pacific.
2020-2022
Technological innovation in insulation
Introduction of advanced vacuum insulation technologies improving temperature retention, creating a competitive edge for premium brands.
2022
The European Union introduced stricter regulations on materials used in vacuum flasks, mandating compliance with food safety and chemical content standards.
March 2023
Manufacturers exporting to the EU must invest in compliance, potentially increasing production costs but ensuring higher product safety.
A revised trade agreement reduced tariffs on vacuum flasks from China to the US, easing tensions and boosting import volumes.
January 2023
Lower costs for US importers and consumers, with a projected 10% increase in Chinese exports to the US market.
Japanese manufacturers launched a collaborative initiative to package vacuum flasks in 100% recyclable materials, aligning with national sustainability goals.
June 2023
Enhanced brand reputation and market share in eco-conscious demographics, potentially influencing global packaging trends.