HS Code:
The category of Festive, Carnival or Other Entertainment Articles, including Magic Tricks and Practical Joke Articles; Parts and Accessories thereof (HS Code: 9505) encompasses a wide range of products used for celebrations, entertainment, and amusement. This includes items like Christmas decorations, carnival costumes, party supplies, magic trick kits, and novelty joke items. These products are typically seasonal or event-driven, with demand peaking during holidays and festive periods. The category plays a significant role in the global retail and entertainment industries, often tied to cultural and regional celebrations.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.1 billion
60% of total trade of total trade
Increasing
USD 450 million
13% of total trade of total trade
Stable
USD 200 million
6% of total trade of total trade
Increasing
USD 150 million
4% of total trade of total trade
Increasing
USD 100 million
3% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements or in duty-free zones)
Rising demand for eco-friendly festive products
Increased production of biodegradable decorations and sustainable materials, shifting supply chains towards greener practices
2021-2023
Growth in e-commerce for seasonal products
Direct-to-consumer sales have boosted trade volumes, especially for small and medium enterprises in developing countries
2020-2022
Cultural globalization influencing product designs
Manufacturers are creating hybrid festive products catering to diverse cultural celebrations, expanding market reach
2019-2023
The European Union introduced stricter safety standards for electrical festive decorations to prevent fire hazards.
June 2023
Exporters to the EU must adapt to new compliance requirements, potentially increasing production costs.
A revised trade agreement reduced tariffs on certain festive articles from China, boosting imports to the US market.
January 2023
Increased trade volume from China, benefiting US retailers during peak holiday seasons.
Vietnam has emerged as a key manufacturing hub for festive articles due to lower labor costs and trade incentives.
March 2022
Diversification of global supply chains, reducing dependency on single-country production.