HS Code:
Racket strings, classified under HS Code 3916.90 (monofilament of plastics, often used for tennis, badminton, and squash rackets), are a niche but essential component in the sports equipment industry. These strings are primarily made from materials like nylon, polyester, and natural gut, and their quality significantly impacts player performance. The global trade of racket strings is driven by the demand for high-performance sports equipment, with a focus on durability, tension stability, and player-specific customization.
Total Trade Volume
USD 150 million
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Shift towards eco-friendly materials
Increased demand for biodegradable and recycled polyester strings due to environmental concerns
2021-2022
Rising popularity of hybrid string setups
Growth in demand for customized string combinations (e.g., natural gut with polyester) among professional players
2020-2022
Technological advancements in string durability
Introduction of advanced coatings and materials to enhance string lifespan, driving premium product sales
2019-2022
The European Union introduced new regulations limiting the use of certain non-recyclable plastics in sports equipment, including racket strings, to promote sustainability.
January 2023
Manufacturers are shifting towards eco-friendly materials, potentially increasing production costs but opening new market segments.
A revised trade agreement reduced tariffs on sports equipment components, including racket strings, between the US and China.
March 2022
Lowered costs for US importers, boosting trade volume from China by approximately 5% in 2022.
Leading Japanese manufacturers unveiled a new line of high-tension polyester strings designed for professional badminton players.
September 2022
Increased market share for Japanese exporters in the premium segment, particularly in Asia-Pacific markets.