HS Code:
The category under HS Code 9506.91.00 includes speed bags, free-standing heavy bags, heavy bag stands made of steel, speed bags with inflatable balls, and heavy bag shells. These products are primarily used in fitness and combat sports training, such as boxing and martial arts. They are essential equipment for gyms, professional training facilities, and personal home setups, catering to both amateur and professional athletes. This category falls under the broader classification of articles and equipment for general physical exercise, gymnastics, or athletics.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
Average Rate
4.5%
Highest Rate
12% (applied by certain developing countries with protective policies for local manufacturers)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade deals)
Growing demand for home fitness equipment
Increased imports of free-standing heavy bags and speed bags due to the rise in home gym setups post-COVID-19, particularly in North America and Europe
2020-2022
Shift towards eco-friendly materials
Manufacturers are adopting sustainable materials for heavy bag shells, driven by consumer preference and regulatory pressures in the EU, impacting production costs and trade patterns
2021-2023
Rise in combat sports popularity
Increased demand for professional-grade equipment in Asia-Pacific and Latin America due to growing interest in boxing and MMA, boosting exports from manufacturing hubs like Pakistan and Thailand
2019-2022
The United States extended Section 301 tariffs on Chinese imports, including products under HS 9506.91.00, citing unfair trade practices. This has led to a partial shift in imports towards other countries like Pakistan and Thailand.
May 2022
Increased costs for US importers and consumers, diversification of supply chains away from China
The European Union updated safety and material standards for fitness equipment, requiring stricter compliance for heavy bags and speed bags, impacting exporters who must adapt to new certification processes.
January 2023
Temporary delays in exports to the EU market, increased production costs for non-compliant manufacturers
Thailand launched a government-backed initiative to promote sports equipment exports, providing subsidies and trade fair opportunities for manufacturers of heavy bags and related products.
September 2022
Boosted Thailand’s market share in global trade for this category, particularly in Asia-Pacific and North American markets