HS Code:
Bakeware, classified under HS Code 7323.93 (for stainless steel) or 7615.10 (for aluminum), includes cookware specifically designed for oven use, such as baking trays, cake pans, muffin tins, and casserole dishes, which are not suitable for stovetop cooking. This category is essential for both household and commercial kitchens, catering to baking needs across various cuisines and dietary preferences. The global trade of bakeware is influenced by factors such as material preferences (e.g., non-stick coatings, silicone, or traditional metal), consumer baking trends, and manufacturing costs.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 1.2 billion
48% of total trade of total trade
Increasing
USD 350 million
14% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Increasing
USD 150 million
6% of total trade of total trade
Increasing
USD 100 million
4% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (in certain developing markets with protective policies)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Rising demand for eco-friendly and silicone bakeware
Increased imports of sustainable and reusable bakeware products, driving innovation in materials and reducing reliance on traditional aluminum or steel.
2021-2023
Growth in home baking due to pandemic influence
Significant surge in bakeware sales globally, especially in North America and Europe, as consumers engaged in more home cooking and baking activities.
2020-2022
Shift towards premium and branded bakeware
Higher demand for durable, aesthetically pleasing, and multi-functional bakeware, boosting exports from countries like Germany and Italy known for quality.
2019-2023
The US Department of Commerce imposed additional tariffs on Chinese aluminum bakeware to counter dumping practices, aiming to level the playing field for domestic manufacturers.
March 2023
Potential increase in bakeware prices in the US market and a shift in sourcing to other countries like Turkey or Vietnam.
The European Union introduced stricter guidelines on non-stick coatings used in bakeware, requiring detailed compliance documentation from exporters.
January 2023
Increased production costs for manufacturers exporting to the EU, potentially slowing trade from non-compliant regions.
Major manufacturers in China and the US have pledged to reduce carbon footprints by adopting greener production methods and recyclable materials for bakeware.
September 2022
Positive consumer response expected, potentially increasing market share for sustainable products despite higher initial costs.