HS Code:
The Projection category, typically falling under HS Code 9008, encompasses equipment and devices used for projecting images or videos, such as projectors for educational, professional, and entertainment purposes. This category includes slide projectors, overhead projectors, and digital projectors. These products are integral to various sectors including education, corporate environments, and home entertainment systems. The global trade of projectors reflects technological advancements, with a shift towards digital and high-definition models driving market demand.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-US TTIP or within ASEAN)
Shift to LED and Laser Projectors
Increased demand for energy-efficient and high-resolution projectors, reducing demand for traditional lamp-based models.
2021-2022
Rise in Home Entertainment Systems
Growth in consumer spending on home theater setups post-COVID-19, boosting projector sales in the residential segment.
2020-2022
Adoption in Education Sector
Increased use of projectors in schools and universities for interactive learning, driving bulk purchases by institutions.
2019-2022
The United States imposed additional tariffs on Chinese-made projectors as part of broader trade tensions, affecting pricing in the US market.
September 2022
Increased costs for US consumers and potential shift of supply chains to other Asian countries like Vietnam.
The European Union introduced subsidies for energy-efficient projectors under its Green Deal initiative to promote sustainable technology.
March 2023
Boosted demand for eco-friendly projector models in the European market, benefiting manufacturers with green certifications.
Major manufacturers like Sony and Epson launched affordable 4K projectors, making high-resolution technology accessible to a broader audience.
January 2023
Accelerated replacement of older models and increased market competition, particularly in the premium segment.