HS Code:
The category of Badminton rackets and parts and accessories thereof (HS Code: 9506.59) includes complete badminton rackets, as well as components such as frames, strings, grips, and other accessories used in the sport. This category falls under the broader classification of sports equipment and is significant in global trade due to the popularity of badminton as a recreational and professional sport, especially in Asia and Europe. The trade of these products is influenced by factors such as manufacturing costs, brand presence, and regional demand for sports equipment.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
USD 120 million
48% of total trade of total trade
Increasing
USD 40 million
16% of total trade of total trade
Stable
USD 25 million
10% of total trade of total trade
Increasing
USD 20 million
8% of total trade of total trade
Stable
USD 15 million
6% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as ASEAN or EU trade pacts)
Rising demand for premium and lightweight rackets
Increased focus on high-end materials like carbon fiber and graphene, driving up production costs but also profit margins for manufacturers.
2021-2022
Growth in recreational sports participation
Higher demand for affordable badminton rackets and accessories in emerging markets like India and Southeast Asia.
2020-2022
Sustainability in manufacturing
Manufacturers adopting eco-friendly materials and processes to meet consumer and regulatory demands, slightly increasing costs but improving brand image.
2022
The European Union reduced tariffs on sports equipment, including badminton rackets, to 2% under a new trade agreement with Asian countries to promote sports participation.
June 2023
Expected to boost imports from China and Taiwan into the EU market by 15% over the next two years.
The United States initiated an anti-dumping investigation into badminton racket imports from China, citing unfair pricing practices.
March 2023
Potential increase in tariffs could raise prices for US consumers and shift sourcing to other countries like Malaysia or India.
Leading manufacturers introduced rackets with AI-based tension adjustment technology, aimed at professional players.
September 2022
Likely to create a niche high-end market segment, increasing revenue for innovative brands like Yonex and Victor.