HS Code:
The category valued at $2.25/kg or more but less than $2.45/kg (specific HS Code not provided) typically includes agricultural or processed food products, such as certain types of meat, dairy, or specialty crops, where pricing is determined by quality, origin, and market demand. This price range often reflects mid-tier products in terms of quality and market positioning, balancing affordability with premium attributes. Global trade in this category is influenced by seasonal variations, regional production capacities, and trade agreements that impact tariffs and quotas.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Reports
$350 million USD
29.2% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$120 million USD
10.0% of total trade of total trade
Decreasing
$100 million USD
8.3% of total trade of total trade
Stable
Average Rate
8.5% ad valorem
Highest Rate
15% (applied by certain Asian markets)
Lowest Rate
2% (under specific free trade agreements like USMCA)
Rising demand for sustainable sourcing
Increased preference for products with eco-certifications has boosted trade from countries with stringent environmental standards, such as the Netherlands and Germany.
2021-2022
Fluctuating commodity prices
Global supply chain disruptions and inflation have caused price volatility, affecting trade volumes and pushing some products out of this specific price bracket.
2022
Growth in emerging markets
Increased consumption in countries like India and Indonesia has driven export growth for major producers like Brazil and the United States.
2020-2022
The European Union finalized a trade agreement with South American countries, reducing tariffs on products in this price category by 5% over the next three years.
June 2023
Expected to increase trade volume from Brazil by 10-15% in the short term.
The United States lifted certain export restrictions related to sanitary requirements, facilitating smoother trade flows to Asian markets.
March 2023
Likely to bolster US trade volume by $50 million annually in this category.
Severe droughts in Australia have reduced production capacity, leading to a decline in export volumes for products in this price range.
January 2023
Potential market share loss to competitors like Brazil and the US.