HS Code:
The category 'Other machines with built-in centrifugal dryer' (HS Code: 8421.19) includes machinery used for drying materials through centrifugal force, often utilized in industrial processes such as chemical, pharmaceutical, and food processing industries. These machines are distinct from household appliances and are designed for separating liquids from solids in large-scale operations. They play a critical role in enhancing efficiency in manufacturing by reducing moisture content in products.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for energy-efficient centrifugal dryers
Increased investment in R&D for sustainable and low-energy machinery, driving market growth in developed regions
2021-2022
Shift toward automation in industrial processes
Higher adoption of advanced centrifugal dryers integrated with IoT and automation technologies, especially in manufacturing hubs
2020-2022
Growing pharmaceutical and chemical industries in Asia
Boost in demand for centrifugal dryers in emerging markets like India and China, contributing to trade volume growth
2019-2022
The European Union introduced stricter safety and environmental standards for industrial centrifugal dryers, requiring manufacturers to comply with updated emission and noise regulations.
June 2023
Potential increase in production costs for non-compliant manufacturers, but long-term benefits for EU-based exporters due to higher quality standards.
A new bilateral agreement reduced tariffs on industrial machinery, including centrifugal dryers, from 7% to 3%, fostering increased trade between the two nations.
March 2023
Positive impact on trade volumes, especially benefiting Chinese exporters and US importers in the industrial sector.
A leading German manufacturer unveiled a new line of centrifugal dryers with 30% improved energy efficiency, setting a new industry benchmark.
January 2023
Likely to shift market preference toward German-made products, increasing their trade share in the short term.