HS Code:
Projection lenses with a focal length of 1.13 meters or more but not over 36.94 meters and a throw ratio of 0.66 meters or more but not over 9.23 meters, not exceeding 8 kg in weight, fall under HS subheading 9002.11.40. These lenses are primarily used in projectors for professional, educational, and home entertainment systems, enabling high-quality image projection over varying distances. This category excludes lenses used for cameras or other optical instruments outside the specified parameters. Global trade in this niche category reflects demand in the audiovisual and entertainment sectors, driven by advancements in projection technology and increasing adoption in emerging markets.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Rising demand for high-definition projection systems
Increased imports of specialized projection lenses in markets with growing entertainment and education sectors
2021-2022
Shift towards compact and lightweight lenses
Manufacturers are innovating to meet weight restrictions like those in HS 9002.11.40, boosting trade in this category
2020-2022
Growth in emerging markets
Countries in Asia-Pacific and Latin America are increasing imports due to expanding cinema and corporate sectors
2019-2022
The European Union reduced tariffs on projection lenses under HS 9002.11.40 as part of its trade agreement updates with Japan and South Korea.
January 2023
Expected to increase imports from Asian manufacturers, benefiting European projector assembly industries.
Additional tariffs imposed by the US on Chinese optical goods have affected the supply chain for projection lenses, prompting sourcing from alternative countries like Japan.
October 2022
Shift in trade patterns, with reduced Chinese exports to the US and increased reliance on other suppliers.
New manufacturing techniques have led to more efficient production of projection lenses meeting the specified focal length and throw ratio criteria.
March 2023
Lower production costs could reduce prices and stimulate trade volume globally.