HS Code:
The 'Capable of Camera Mounting' category includes equipment and accessories designed to support or mount cameras, such as tripods, monopods, gimbal stabilizers, and other mounting hardware. These products are essential for photography, videography, and broadcasting industries, catering to both professional and amateur users. Typically classified under HS Code 9620.00 (Monopods, bipods, tripods, and similar articles), this category has seen significant growth due to the rise in content creation, social media, and the increasing demand for high-quality visual media.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.5% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Rising demand for lightweight and portable camera mounts
Increased production of carbon fiber and aluminum tripods, catering to mobile content creators and vloggers
2021-2022
Integration of smart technology in camera mounts
Growth in motorized gimbals and app-controlled stabilizers, driving innovation and higher price points
2020-2022
Sustainability in manufacturing
Manufacturers adopting eco-friendly materials and packaging to meet consumer and regulatory demands, especially in Europe
2022
The European Union introduced stricter safety and durability standards for camera mounting equipment to ensure user safety and product longevity.
March 2023
Increased compliance costs for exporters to the EU, potentially raising prices for consumers but improving product quality.
A revised trade agreement reduced tariffs on camera mounting equipment from China to the US, facilitating smoother trade flows.
January 2023
Expected increase in imports from China, potentially lowering costs for US consumers and retailers.
The rise of platforms like TikTok and YouTube has led to a spike in demand for affordable camera mounting solutions among young creators.
Mid-2022
Boosted exports from low-cost manufacturing hubs like China and Vietnam, with a focus on budget-friendly products.