HS Code:
Microwave ovens with integral range hoods, designed for domestic use, with an oven capacity between 53 and 55 liters, and equipped with a glass turntable plate having a diameter between 30 and 31 cm, fall under HS subheading 8516.50.00. This category represents a niche segment of household appliances that combine cooking and ventilation functionalities, catering to modern kitchen designs where space optimization and multifunctionality are prioritized. These products are typically imported and exported globally as part of the broader market for kitchen appliances, driven by consumer demand for convenience and energy-efficient solutions.
Total Trade Volume
USD 320 million
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
Average Rate
4.2%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for smart kitchen appliances
Increased integration of IoT features in microwave ovens with range hoods, driving demand in developed markets like the US and Europe
2021-2023
Shift toward energy-efficient appliances
Manufacturers are focusing on eco-friendly designs to comply with stringent regulations in the EU and North America, influencing production costs and pricing
2020-2022
Growth in compact living spaces
Urbanization and smaller household sizes have boosted demand for multifunctional appliances like microwave ovens with range hoods in Asia-Pacific regions
2019-2023
The US imposed additional tariffs on Chinese-made kitchen appliances, including microwave ovens with range hoods, as part of ongoing trade tensions.
May 2023
Increased costs for US consumers and a potential shift in supply chains toward other manufacturing hubs like Malaysia and Vietnam.
The European Union updated its energy efficiency labeling requirements for household appliances, mandating stricter standards for microwave ovens.
January 2023
Manufacturers must invest in R&D to meet compliance, potentially raising product prices but benefiting eco-conscious consumers.
South Korea introduced export incentives for high-tech kitchen appliances to boost global competitiveness in the sector.
March 2022
Strengthened South Korea's position as a key exporter, particularly in the Asia-Pacific and North American markets.