HS Code:
Racquet strings, classified under HS Code 3916.90 (often categorized under monofilament of plastics or related codes depending on material), are specialized strings used in tennis, badminton, squash, and other racquet sports. These strings are typically made from materials like nylon, polyester, natural gut, or hybrid composites, and their quality significantly impacts player performance through factors like tension, durability, and spin control. The global trade of racquet strings is driven by demand from professional and recreational players, with manufacturing concentrated in countries with advanced polymer technology and sports equipment industries.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Derived from UN Comtrade data and industry reports
$40 million USD
26.7% of total trade of total trade
Increasing
$30 million USD
20.0% of total trade of total trade
Stable
$25 million USD
16.7% of total trade of total trade
Increasing
$20 million USD
13.3% of total trade of total trade
Increasing
$15 million USD
10.0% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Shift towards eco-friendly materials
Increasing demand for biodegradable and recycled materials in racquet strings due to environmental concerns, pushing manufacturers to innovate
2021-2023
Rise in hybrid string technology
Growing preference for hybrid strings combining different materials for enhanced performance, driving R&D investments
2020-2022
Expansion of e-commerce sales channels
Direct-to-consumer sales through online platforms have surged, reducing dependency on traditional retail and impacting trade logistics
2019-2023
The European Union introduced stricter guidelines on the use of non-recyclable plastics in sports equipment, including racquet strings, to promote sustainability.
June 2023
Manufacturers may face higher compliance costs, potentially increasing prices in the EU market, while eco-friendly brands gain competitive advantage.
A recent amendment to trade agreements reduced tariffs on sports equipment components, including racquet strings, between the US and China.
March 2023
This is expected to boost imports of Chinese-made strings into the US, benefiting cost-conscious consumers and retailers.
A leading Japanese manufacturer announced a new polyester string with 30% higher durability and tension retention, targeting professional players.
September 2022
This innovation may shift market share towards Japanese brands, influencing global trade patterns in premium segments.