HS Code:
The category of 'Image projectors, other than cinematographic; photographic (other than cinematographic) enlargers and reducers; parts and accessories thereof' (HS Code: 9008) includes a range of optical devices used for projecting images or enlarging/reducing photographs in non-cinematographic applications. This encompasses equipment such as slide projectors, overhead projectors, digital projectors for presentations, and specialized photographic equipment used in studios or laboratories. Parts and accessories for these devices, such as lenses, stands, and bulbs, are also included in this category. These products are widely used in educational institutions, corporate environments, and professional photography settings, with demand influenced by technological advancements and digital transformation.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 900 million
36% of total trade of total trade
Increasing
USD 400 million
16% of total trade of total trade
Stable
USD 350 million
14% of total trade of total trade
Increasing
USD 200 million
8% of total trade of total trade
Stable
USD 150 million
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift to digital projectors
Increased demand for high-resolution digital projectors in education and corporate sectors, reducing the market for traditional slide and overhead projectors.
2020-2022
Integration of smart technologies
Growing incorporation of wireless connectivity and IoT features in projectors, driving innovation and higher price points in premium segments.
2021-2023
Decline in photographic enlargers
Decreased demand for traditional photographic enlargers due to the dominance of digital photography, though niche markets for analog photography persist.
2018-2022
The European Union introduced stricter energy efficiency standards for electronic projectors, mandating lower power consumption and eco-friendly designs.
January 2023
Manufacturers must adapt products to comply, potentially increasing production costs but opening opportunities for eco-certified products.
Additional tariffs imposed on Chinese-made projectors and parts as part of ongoing trade disputes between the US and China.
March 2022
Increased costs for US importers, prompting some companies to diversify supply chains to countries like Vietnam and Taiwan.
Major manufacturers like Sony and Epson released new ultra-short throw projectors, catering to compact spaces in homes and offices.
September 2022
Boosted market interest and sales in the premium projector segment, especially in urban markets with space constraints.