HS Code:
The category 'With an outside diameter not exceeding 50.8 mm' typically falls under HS Code 7306.30 or related subcategories, which includes welded circular cross-section tubes, pipes, and hollow profiles of iron or steel. These products are widely used in industries such as construction, automotive, and manufacturing for structural and fluid transport applications. The category is significant due to its role in infrastructure development and industrial production globally.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
UN Comtrade Database
USD 3.8 billion
30.4% of total trade of total trade
Increasing
USD 1.9 billion
15.2% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
25% (imposed by certain developing countries for market protection)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Increased demand for lightweight materials
Growing preference for high-strength, low-weight steel tubes in automotive and aerospace industries is driving innovation and market growth.
2021-2022
Shift towards sustainable production
Manufacturers are adopting greener production methods to comply with environmental regulations, impacting cost structures and market competitiveness.
2020-2022
Rising infrastructure investments
Government-led infrastructure projects in Asia-Pacific and Africa are boosting demand for steel tubes and pipes in construction applications.
2019-2022
The United States introduced a 15% tariff on certain steel tube imports from specific countries to protect domestic manufacturers, impacting global supply chains.
March 2023
Potential increase in costs for US importers and redirection of trade flows to other markets.
The European Union launched a policy framework to encourage low-carbon steel production, including subsidies for manufacturers adopting sustainable practices.
January 2023
Likely to increase production costs in the short term but enhance long-term competitiveness of EU producers.
China implemented export restrictions on certain steel products, including small-diameter tubes, to prioritize domestic supply amidst rising internal demand.
July 2022
Global supply shortages and price increases for small-diameter steel tubes in international markets.