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📦 With round heads

With round heads

HS Code:

📦

Overview

The 'With round heads' category, typically falling under HS Code 7318.15 (screws, bolts, nuts, and similar articles of iron or steel), refers to fasteners with rounded heads used in various industrial and construction applications. These products are essential in machinery, automotive, and infrastructure projects due to their durability and ease of use. This category is a critical component of global manufacturing supply chains, with demand driven by industrial production and construction activities worldwide.

Total Trade Volume

USD 2.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (applied by certain developing countries to protect local industries)

Lowest Rate

0% (under free trade agreements like EU-Japan EPA)

Common Restrictions

  • Anti-dumping duties on Chinese exports in the EU and US
  • Import quotas in specific markets
  • Quality certification requirements (e.g., ISO standards)
  • Local content requirements in government procurement

Market Trends

Rising demand in renewable energy projects

Increased use in wind turbine and solar panel installations has boosted trade volumes by 8% annually since 2020

2022

Shift towards sustainable materials

Growing preference for corrosion-resistant and recyclable fasteners, driving innovation in production

2021

Supply chain disruptions

Post-COVID logistics challenges and raw material shortages led to a 5% price increase in 2021-2022

2022

Recent Developments

EU Anti-Dumping Measures on Chinese Fasteners

The European Union extended anti-dumping duties on Chinese steel fasteners, including round head screws, to curb market distortion.

March 2023

Increased costs for EU importers, potentially shifting sourcing to Taiwan and Vietnam

US Infrastructure Bill Boosts Demand

The US Infrastructure Investment and Jobs Act has spurred demand for industrial fasteners in construction and transport projects.

November 2021

Projected 10% growth in US imports of round head fasteners through 2025

Technological Advancements in Manufacturing

Introduction of automated production lines and smart fasteners with embedded sensors for quality control.

July 2022

Enhanced product reliability, giving competitive edge to manufacturers in Germany and Japan