HS Code:
The 'Magic tricks and practical joke articles; parts and accessories thereof' category (HS Code: 9505.90) encompasses a variety of novelty items used for entertainment purposes, including magic trick sets, props for illusions, and practical joke items like whoopee cushions or fake insects. This category also includes parts and accessories necessary for the functioning or enhancement of these products. These items are typically marketed for personal amusement, parties, or professional performances by magicians and entertainers. The global trade of these products is influenced by cultural trends, seasonal demand (e.g., Halloween or April Fools' Day), and the rise of online retail platforms.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO) Statistics
$650 million USD
54.2% of total trade of total trade
Increasing
$180 million USD
15.0% of total trade of total trade
Stable
$90 million USD
7.5% of total trade of total trade
Increasing
$70 million USD
5.8% of total trade of total trade
Stable
$50 million USD
4.2% of total trade of total trade
Decreasing
Average Rate
5.3% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for eco-friendly materials
Manufacturers are shifting towards biodegradable plastics and sustainable packaging, increasing production costs but appealing to environmentally conscious consumers.
2021-2022
Growth in e-commerce sales channels
Online platforms like Amazon and Alibaba have boosted accessibility, leading to a 20% increase in global sales volume for niche magic and prank products.
2020-2022
Influence of social media and viral content
Platforms like TikTok and YouTube have driven demand for prank kits and magic trick tutorials, particularly among younger demographics.
2019-2022
The European Union introduced stricter safety regulations for novelty items, mandating clearer labeling and material safety certifications for magic and prank products.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing profit margins for smaller manufacturers.
A revised trade agreement reduced tariffs on certain toy categories, including magic tricks and practical joke articles, from 7% to 4% for Chinese exports to the US.
January 2023
Boosted Chinese exports to the US market, intensifying competition for domestic US producers.
Global demand for practical joke items spiked by 30% during the 2022 Halloween season, driven by themed prank products and social media challenges.
October 2022
Temporary increase in trade volume, particularly benefiting exporters with seasonal inventory readiness.