HS Code:
Drying chambers for clothes-dryers of subheading 8421.12 and other parts of clothes-dryers incorporating drying chambers fall under the Harmonized System (HS) Code 8421.99. This category includes components specifically designed for centrifugal clothes-dryers and other drying equipment used in household or industrial settings. These parts are critical for the functionality of clothes-dryers, facilitating the drying process through heat and air circulation. The global trade of these products is driven by demand in the household appliance sector, industrial laundry services, and manufacturing industries. Trade patterns are influenced by manufacturing hubs, technological advancements in dryer efficiency, and consumer demand for energy-efficient appliances.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Increasing
USD 90 million
7.5% of total trade of total trade
Stable
Average Rate
5.3% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for energy-efficient drying solutions
Increased trade in components compatible with eco-friendly and smart clothes-dryers, driving innovation in drying chamber designs.
2021-2023
Shift in manufacturing to Asia-Pacific
Lower production costs in countries like China and Vietnam have led to a higher export share from the region, impacting traditional European exporters.
2020-2022
Integration of IoT in household appliances
Growing demand for advanced drying chambers with sensors and connectivity features, influencing trade toward high-tech component suppliers.
2022-2023
The European Union updated its energy efficiency standards for household appliances, including clothes-dryers, mandating stricter requirements for drying chamber components.
March 2023
Exporters to the EU market must adapt to comply with new standards, potentially increasing production costs but also opening opportunities for innovative suppliers.
Negotiations between the US and China included discussions on reducing tariffs for appliance components, including drying chambers for clothes-dryers.
September 2023
Potential reduction in tariffs could boost trade volume between the two countries, benefiting Chinese exporters and US importers.
South Korea announced a government-backed initiative to fund R&D in smart appliance components, focusing on energy-efficient drying technologies.
July 2023
Expected increase in exports of high-tech drying chambers from South Korea, positioning it as a leader in the premium segment of the market.