HS Code:
Musical instrument cases, classified under HS Code 4202.92, encompass protective cases, bags, and covers specifically designed for musical instruments such as guitars, violins, keyboards, and brass instruments. These products are typically made from materials like leather, synthetic fabrics, or hard plastics to ensure durability and protection during transport or storage. This category is a niche yet significant segment of the broader luggage and travel goods market, driven by demand from professional musicians, students, and hobbyists. Global trade in this category reflects trends in the music industry, education systems, and cultural activities worldwide.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
USD 100 million
40% of total trade of total trade
Increasing
USD 40 million
16% of total trade of total trade
Stable
USD 25 million
10% of total trade of total trade
Increasing
USD 20 million
8% of total trade of total trade
Increasing
USD 15 million
6% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Rising demand for lightweight and eco-friendly materials
Manufacturers are shifting towards sustainable fabrics and recycled plastics, increasing production costs but appealing to environmentally conscious consumers.
2021-2022
Growth in online sales of musical accessories
E-commerce platforms have boosted accessibility, driving up trade volumes as small-scale buyers and individual musicians purchase directly from international suppliers.
2020-2022
Increased production in Southeast Asia
Countries like Vietnam and Indonesia are becoming manufacturing hubs due to lower labor costs, reducing China's dominance slightly while maintaining Asia's overall lead.
2019-2022
A revised trade agreement between the US and China included a temporary reduction in tariffs on musical instrument accessories, including cases, to promote cultural exchange industries.
January 2023
Expected to increase Chinese exports to the US by 10-15% in the short term, benefiting US consumers with lower prices.
The European Union introduced stricter regulations on the use of non-recyclable plastics in musical instrument cases, pushing manufacturers to adopt greener alternatives.
June 2022
Increased production costs for exporters to the EU but also opened opportunities for innovation in sustainable materials.
Vietnam reported a 20% year-on-year increase in exports of musical instrument cases, driven by foreign investment in manufacturing facilities.
September 2022
Strengthens Vietnam's position as a key player, potentially challenging China's market share in the coming years.