HS Code:
Drawer slides, classified under HS Code 8302.42 (a sub-category of mountings, fittings, and similar articles of base metal), are mechanical components used to facilitate the smooth opening and closing of drawers in furniture and cabinetry. These products are essential in various industries, including furniture manufacturing, home improvement, and industrial applications. Drawer slides come in different types, such as ball-bearing slides, undermount slides, and side-mount slides, catering to diverse needs based on load capacity, durability, and design preferences.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Growing demand for soft-close and self-close drawer slides
Increased market share for premium products, pushing manufacturers to innovate in noise reduction and durability; higher profit margins for specialized producers
2021-2023
Rise in e-commerce and DIY home improvement projects
Boosted demand for affordable, easy-to-install drawer slides, benefiting low-cost exporters like China and Taiwan
2020-2022
Sustainability focus in manufacturing
Shift towards eco-friendly materials and recyclable metal alloys, increasing production costs but appealing to environmentally conscious markets like the EU
2022-2023
The US Department of Commerce introduced anti-dumping duties ranging from 8% to 15% on Chinese drawer slide imports following complaints from domestic manufacturers about unfair pricing practices.
March 2023
Potential shift in market share to other exporters like Taiwan and Vietnam; increased costs for US importers and consumers
New EU regulations under the Green Deal mandate stricter environmental compliance for imported metal hardware, including drawer slides, focusing on reducing carbon footprints in production.
July 2023
Higher compliance costs for non-EU exporters; competitive advantage for European manufacturers like Germany and Italy
Several leading manufacturers in Germany and the US unveiled smart drawer slides integrated with sensors for automated furniture systems, targeting luxury and commercial markets.
September 2023
Opens niche markets for high-tech furniture components; likely to drive up R&D investments in the sector