HS Code:
The category of Lawn-tennis rackets, whether or not strung, and parts and accessories thereof (HS Code: 9506.51) includes tennis rackets used for recreational and professional play, as well as their components and accessories such as frames, strings, grips, and protective covers. This category falls under the broader classification of sports equipment and is a significant segment of the global sporting goods market. Trade in this category is driven by demand for high-quality equipment in developed markets, growing interest in tennis in emerging economies, and innovations in materials and design (e.g., carbon fiber and graphite rackets).
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Decreasing
Average Rate
4.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or within WTO member states with specific exemptions)
Rising demand for lightweight and durable materials
Increased adoption of carbon fiber and graphene in racket manufacturing, boosting trade in high-end products and shifting production to specialized facilities in Asia and Europe.
2021-2023
Growth in tennis participation in emerging markets
Higher export volumes to countries in Asia-Pacific and Latin America, driving demand for affordable, entry-level rackets alongside premium models.
2020-2022
Sustainability in sports equipment
Manufacturers are focusing on eco-friendly materials and recycling programs, influencing trade patterns as consumers and regulators push for greener products.
2022-2023
The European Union introduced provisional anti-dumping duties on tennis rackets from China, citing unfair pricing practices that harmed domestic producers.
March 2023
Potential shift in trade flows, with European buyers possibly sourcing more from other Asian countries like Vietnam or Taiwan.
Updated provisions in the USMCA agreement have reduced tariffs on sports equipment, including tennis rackets, between the US, Canada, and Mexico.
January 2023
Increased trade within North America, benefiting US exporters and Mexican manufacturers.
Major brands like Wilson and Babolat unveiled smart rackets with embedded sensors for performance tracking, gaining traction in premium markets.
June 2022
Boosted trade value in the high-end segment, particularly in the US and European markets.