HS Code:
The category of Snow-skis and other snow-ski equipment; parts and accessories thereof (HS Code: 950611) encompasses a range of products designed for winter sports, including snow skis, ski bindings, ski poles, and other related accessories. This category is a niche but significant segment of the sporting goods industry, with demand driven by winter tourism, professional skiing events, and recreational activities in snow-prone regions. The products vary from high-end professional gear to affordable options for casual users, with manufacturing often concentrated in countries with advanced industrial capabilities and access to winter sports markets.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU internal market or USMCA)
Growing demand for eco-friendly ski equipment
Manufacturers are increasingly using sustainable materials like bamboo and recycled plastics, influencing production costs and consumer preferences.
2021-2023
Rise in winter tourism in Asia-Pacific
Countries like China and South Korea are emerging as significant markets due to investments in winter sports infrastructure for events like the Beijing 2022 Winter Olympics.
2020-2022
Technological advancements in ski gear
Innovations such as smart bindings and lightweight materials are driving premium product sales, though they increase price points.
2019-2023
The European Union reduced tariffs on snow-ski equipment from non-EU countries to promote winter sports ahead of the 2024 season, benefiting exporters from the US and Asia.
October 2023
Expected to increase imports by 10-15% in the EU market, particularly benefiting smaller exporters.
Following the 2022 Winter Olympics, China has seen a surge in domestic demand for ski equipment, prompting partnerships with European manufacturers.
February 2022
Increased export opportunities for European countries, with trade volume rising by 20% year-on-year.
Ongoing geopolitical issues in Eastern Europe have disrupted the supply of raw materials for ski manufacturing, particularly affecting Austrian and German producers.
March 2023
Potential price hikes of 5-8% for consumers and delays in product availability for the 2023-2024 winter season.