HS Code:
This category includes backpacks made of man-made fibers, specifically designed with a padded compartment for laptops or tablets, and featuring a hard molded plastic shell on one outer surface shaped as one or more animals or animal parts. Classified under HS subheading 4202.92.31, these backpacks cater to a niche market combining functionality with unique aesthetic appeal, often targeted at younger demographics or themed product enthusiasts. They are part of the broader category of travel goods, handbags, and similar containers, reflecting trends in personal electronics protection and fashion.
Total Trade Volume
USD 85 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
17.6%
Highest Rate
25% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA or EU agreements)
Rising demand for tech-friendly accessories
Increased production of laptop/tablet-compatible backpacks with padded compartments drives market growth, especially in urban and student demographics.
2021-2022
Growing interest in themed and novelty designs
Animal-shaped designs gain popularity as a fashion statement among children and young adults, boosting sales in niche markets.
2020-2022
Shift towards sustainable materials
Pressure on manufacturers to use eco-friendly man-made fibers and recyclable plastics due to environmental concerns, influencing production costs and pricing.
2022
The European Union introduced stricter regulations on the use of hard molded plastics in consumer goods, requiring manufacturers to ensure non-toxic materials and durability to prevent breakage hazards.
June 2023
Manufacturers exporting to the EU may face higher compliance costs, potentially increasing prices or reducing profit margins.
A recent phase of the US-China trade agreement reduced tariffs on specific categories of travel goods, including backpacks under HS 4202.92.31, from 20% to 15%.
March 2023
This reduction is expected to boost imports from China to the US, potentially increasing market competition and lowering retail prices.
Vietnam has emerged as a key manufacturing hub for tech-accessory backpacks due to lower labor costs and favorable trade agreements with the EU and US.
January 2023
Increased production capacity in Vietnam may shift trade patterns, challenging China's dominance in this category.