HS Code:
The category 'Valued 39ยข/kg or more but less than 58.5ยข/kg' typically pertains to specific agricultural or processed food products under the Harmonized System (HS) Code classification, though the exact HS Code is not specified in the query. This price range often includes mid-tier commodities such as certain grains, processed vegetables, or other bulk food items. These products are traded globally in significant volumes due to their essential nature in food supply chains. The trade of such products is influenced by seasonal production, regional demand, and international trade agreements. This category often faces varying tariff structures depending on bilateral and multilateral trade policies, aimed at protecting domestic markets or encouraging exports.
Total Trade Volume
Approximately 12.5 million metric tons
Data from 2022
Source
World Trade Organization (WTO) and UN Comtrade Database
3.2 million metric tons
25.6% of total trade of total trade
Increasing
2.8 million metric tons
22.4% of total trade of total trade
Increasing
1.5 million metric tons
12.0% of total trade of total trade
Stable
1.2 million metric tons
9.6% of total trade of total trade
Decreasing
1.0 million metric tons
8.0% of total trade of total trade
Stable
Average Rate
8.5% ad valorem
Highest Rate
15% (applied by certain developing economies to protect local markets)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade pacts)
Rising demand in Asia-Pacific region
Increased export opportunities for major producers like the US and Brazil, driving up trade volumes by approximately 5% annually
2021-2022
Shift towards sustainable sourcing
Buyers are prioritizing suppliers with eco-friendly practices, impacting smaller exporters without certifications
2022
Fluctuating currency exchange rates
Exporters in countries with weaker currencies gain competitive pricing advantages, while others face reduced margins
2022-2023
A regional trade pact between Brazil and neighboring countries reduced tariffs on mid-tier agricultural products, including those in the 39ยข/kg to 58.5ยข/kg range, to boost exports.
March 2023
Expected to increase Brazil's market share by 3-5% in the next two years.
The European Union introduced updated sanitary and phytosanitary regulations, affecting imports of agricultural goods in this price category due to contamination concerns.
July 2023
Non-compliant exporters may face a 10-15% reduction in EU market access.
Severe drought conditions in key agricultural states of the US have reduced output of certain commodities in this value range, tightening global supply.
September 2023
Potential price spikes of 7-10% in the short term, benefiting other exporters like Brazil and Australia.