HS Code:
Ski bindings and parts and accessories thereof, classified under HS Code 9506.12, encompass the equipment used to attach skis to boots, ensuring safety and performance during skiing. This category includes various types of bindings such as alpine, touring, and telemark bindings, along with replacement parts and accessories like mounting hardware and brake systems. These products are critical for both recreational and professional skiing, with demand driven by winter sports popularity, tourism, and technological advancements in ski equipment.
Total Trade Volume
USD 320 million
Data from 2022
Source
United Nations Comtrade Database
USD 85 million
26.6% of total trade
Increasing
USD 60 million
18.8% of total trade
Stable
USD 45 million
14.1% of total trade
Increasing
USD 40 million
12.5% of total trade
Stable
USD 30 million
9.4% of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for lightweight and hybrid bindings
Increased R&D investment by manufacturers to cater to backcountry and touring skiing enthusiasts, driving market growth by 8% annually.
2021-2023
Sustainability focus in production
Shift towards eco-friendly materials and recyclable components in bindings, influencing consumer preference and regulatory policies.
2022
Rise in winter sports tourism
Boost in ski equipment demand, particularly in emerging markets like China, with trade volume up by 10% in key regions.
2022
The European Union reduced tariffs on ski bindings and parts from 7% to 4% under a new trade agreement with key exporting countries to promote winter sports accessibility.
March 2023
Expected to increase import volumes by 5-7% in the EU market, benefiting exporters like Austria and Germany.
Leading manufacturers introduced AI-driven adjustable bindings that enhance safety by adapting to skier weight and skill level, unveiled at the ISPO Munich trade fair.
November 2022
Likely to drive premium product sales, increasing trade value despite stable volume.
Post-2022 Winter Olympics, China announced incentives for winter sports equipment imports to support growing domestic interest in skiing.
January 2023
Projected to boost exports to China by 15% over the next two years, opening new market opportunities.