HS Code:
Woven fabrics obtained from high tenacity yarn of viscose rayon, classified under HS Code 5408.10, are specialized textiles made from regenerated cellulose fibers known for their strength and durability. These fabrics are often used in industrial applications, such as tire cords, conveyor belts, and other reinforcement materials, due to their high tensile strength and resistance to wear. This category is a niche but significant segment of the global textile market, driven by demand in automotive, construction, and manufacturing sectors.
Total Trade Volume
USD 320 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for sustainable materials
Increased interest in viscose rayon as a semi-synthetic, biodegradable alternative to fully synthetic fibers like nylon, boosting trade volumes by 5-7% annually.
2021-2022
Shift towards Asia-Pacific production
Lower production costs and large-scale manufacturing capabilities in China and India have shifted the production hub, impacting European exporters negatively.
2020-2022
Technological advancements in yarn production
Innovations in high tenacity yarn manufacturing have improved fabric quality, driving demand in automotive and industrial sectors by 10% over the past three years.
2019-2022
The European Union introduced provisional anti-dumping duties ranging from 9.7% to 17.2% on woven fabrics of viscose rayon from China to counteract unfairly low pricing practices.
June 2023
This is expected to reduce Chinese exports to the EU by 15-20%, potentially benefiting Indian and Turkish exporters.
Major Indian textile manufacturers announced investments of over USD 50 million to enhance production of high tenacity viscose rayon fabrics, targeting export markets in the Middle East and Africa.
March 2023
India's trade volume is projected to grow by 10% in 2024, strengthening its position as a key global supplier.
Global buyers are increasingly demanding FSC (Forest Stewardship Council) certification for viscose rayon products to ensure sustainable sourcing of raw materials.
September 2022
Producers without certification may face reduced market access, particularly in Europe and North America, pushing compliance costs up by 5-8%.