HS Code:
The category of refrigerators with a refrigerated volume between 184 liters and 269 liters (HS Code: 8418.21.00) includes household-type compression refrigerators commonly used for domestic food storage. These refrigerators are a significant segment of the global appliance market, balancing compactness with sufficient storage capacity, making them popular in small to medium-sized households. This category is part of the broader Harmonized System (HS) classification for refrigerators, freezers, and other refrigerating or freezing equipment.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for energy-efficient models
Manufacturers are increasingly focusing on eco-friendly designs and smart technology integration, driving up production costs but also opening premium market segments.
2021-2022
Growth in emerging markets
Increased urbanization and rising disposable incomes in countries like India and Brazil have boosted demand for mid-range refrigerators, contributing to export growth from manufacturing hubs like China and Mexico.
2020-2022
Supply chain disruptions
Post-COVID-19 supply chain issues, including semiconductor shortages and shipping delays, have temporarily reduced trade volumes and increased costs for manufacturers.
2021-2022
The European Union updated its energy efficiency labeling for refrigerators, enforcing stricter standards to promote sustainability and reduce energy consumption.
March 2021
Manufacturers exporting to the EU must adapt to new compliance requirements, potentially increasing costs but also improving market competitiveness for energy-efficient models.
The United States-Mexico-Canada Agreement (USMCA) has facilitated tariff-free trade for refrigerators between member countries, boosting Mexico's export volume to the US and Canada.
July 2020
Mexico has seen a significant increase in market share in North America, challenging Asian exporters in the region.
Under the Kigali Amendment to the Montreal Protocol, many countries are phasing out hydrofluorocarbons (HFCs) in favor of eco-friendly refrigerants, affecting refrigerator production standards.
Ongoing since 2019
Manufacturers are investing in R&D for alternative refrigerants, which may temporarily increase production costs but align with global environmental goals.