HS Code:
The Needlepoint category, often classified under HS Code 5810, pertains to embroidery in the piece, in strips, or in motifs, including needlepoint kits, canvases, and related materials. This category encompasses a range of handmade and machine-made textile products used for decorative purposes, crafting, and hobby activities. Needlepoint products are valued for their artistic appeal and are often associated with cultural and traditional crafts in various regions. Global trade in this category is driven by demand for home decor, DIY crafting, and cultural preservation initiatives.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
Data derived from UN Comtrade and ITC Trade Map
$80 million USD
32% of total trade of total trade
Increasing
$50 million USD
20% of total trade of total trade
Stable
$30 million USD
12% of total trade of total trade
Increasing
$20 million USD
8% of total trade of total trade
Stable
$15 million USD
6% of total trade of total trade
Decreasing
Average Rate
8.5%
Highest Rate
15% (imposed by certain developing countries to protect local artisans)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising popularity of DIY and crafting hobbies
Increased demand for needlepoint kits and materials, particularly in North America and Europe, driven by social media and online tutorials.
2020-2022
Growth in e-commerce platforms
Significant boost in online sales of needlepoint products, making it easier for small-scale producers to reach global markets.
2019-2022
Sustainability concerns
Growing consumer preference for eco-friendly and sustainably sourced materials, prompting manufacturers to adopt greener practices.
2021-2022
A recent amendment in trade agreements between the US and China reduced tariffs on certain textile categories, including needlepoint materials, from 10% to 5%.
March 2023
Expected to increase imports of needlepoint products from China to the US, benefiting consumers with lower prices.
The European Union introduced stricter regulations on textile imports, mandating certification for sustainable sourcing of materials used in needlepoint products.
July 2023
May increase production costs for exporters to the EU but aligns with consumer demand for ethical products.
Platforms like Etsy have reported a 25% increase in sales of handmade needlepoint products, reflecting a shift towards artisanal and unique items.
January 2023
Encourages small-scale producers and individual artisans to enter the global market, diversifying supply sources.