HS Code:
The category 'With a base consisting of needleloom felt or non-wovens' falls under HS Code 5602, which includes felt, whether or not impregnated, coated, covered, or laminated, and non-woven fabrics used as a base for various applications. These materials are often utilized in industrial, automotive, construction, and filtration sectors due to their durability, versatility, and cost-effectiveness. This category represents a niche but significant segment of the textile industry, with applications ranging from insulation to protective layers.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 90 million
7.5% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable materials
Increased use of recycled non-wovens and eco-friendly production processes to meet regulatory and consumer demands, boosting market growth in Europe and North America.
2021-2023
Growth in automotive applications
Higher demand for needleloom felt and non-wovens in vehicle insulation and interior components, particularly in Asia-Pacific due to expanding automotive production.
2020-2022
Technological advancements in production
Innovations in manufacturing processes have reduced costs and improved product quality, making non-wovens more competitive against traditional materials.
2019-2023
The European Union introduced stricter regulations on the use of non-woven materials, mandating higher recycled content and lower carbon footprints for imports starting in 2023.
March 2023
This is likely to increase production costs for non-compliant exporters but offers opportunities for sustainable producers to gain market share.
A revised trade agreement between the US and China reduced tariffs on certain textile categories, including non-wovens, to promote bilateral trade.
January 2023
This has led to a surge in Chinese exports to the US, intensifying competition for domestic producers.
A leading Japanese manufacturer unveiled a new line of biodegradable needleloom felt products aimed at reducing environmental impact.
September 2022
This development is expected to attract environmentally conscious buyers and may set a new industry standard.