HS Code:
The 'Forks with silver handles' category, often classified under HS Code 8215.99 (spoons, forks, ladles, skimmers, cake-servers, etc., of base metal, other than stainless steel), represents a niche segment of tableware and kitchen utensils. These products are typically valued for their aesthetic appeal and craftsmanship, often used in high-end dining settings or as luxury gift items. Silver-handled forks are crafted with silver or silver-plated handles, combined with stainless steel or other metal tines for durability. This category bridges functionality with luxury, catering to both household and hospitality sectors.
Total Trade Volume
USD 45.7 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for sustainable and ethically sourced materials
Increased preference for forks made with recycled silver or certified fair-trade materials, pushing manufacturers to adopt greener practices.
2021-2022
Growth in luxury dining and hospitality sectors
Higher demand from high-end restaurants and hotels for premium tableware, boosting trade volumes in developed markets.
2020-2022
Shift towards minimalist and modern designs
Traditional ornate designs are losing ground to sleek, contemporary styles, influencing production and export patterns.
2019-2022
The European Union reduced tariffs on luxury tableware imports from select countries under new trade agreements, benefiting exporters of silver-handled forks.
March 2023
Expected to increase trade volume by 8-10% for exporters from partner countries like the US and UK.
Fluctuations in global silver prices have impacted production costs for silver-handled forks, leading to price adjustments in key markets.
January 2023
Manufacturers may pass on costs to consumers, potentially reducing demand in price-sensitive markets.
India introduced mandatory hallmarking for silver products, affecting imports of silver-handled forks and requiring compliance with local standards.
June 2022
Exporters to India face additional certification costs, potentially slowing trade to this emerging market.