HS Code:
Wall clocks, classified under HS Code 9105.21 (electrically operated) and 9105.29 (other), are timekeeping devices designed for mounting on walls. This category includes a wide range of products, from traditional analog clocks to modern digital and smart clocks. Wall clocks are used in households, offices, schools, and public spaces, combining functionality with aesthetic appeal. The global trade of wall clocks reflects consumer preferences for design, technology, and affordability, with significant production and export activities centered in specific regions.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Rising demand for smart wall clocks
Increased integration of IoT features like voice control and connectivity is driving market growth, particularly in developed economies.
2021-2023
Shift towards sustainable materials
Growing consumer preference for eco-friendly products is pushing manufacturers to use recycled plastics and wood, influencing production costs and pricing.
2020-2022
E-commerce growth in distribution
Online sales platforms have expanded market access for smaller manufacturers, altering traditional supply chains and increasing competition.
2019-2023
A new phase of the US-China trade agreement has reduced tariffs on certain consumer goods, including wall clocks, from 7.5% to 4%, boosting Chinese exports to the US.
January 2023
Expected to increase Chinese market share in the US by 5-10% over the next two years.
The European Union introduced stricter regulations on electronic waste under the Green Deal, mandating sustainable packaging and recycling programs for wall clock manufacturers.
March 2022
Increased production costs for exporters to the EU, potentially reducing profit margins by 2-3% for non-compliant firms.
Major tech companies have entered the wall clock market with smart devices featuring AI integration, weather updates, and customizable displays.
September 2022
Shift in consumer spending towards premium products, likely to drive a 15% growth in the high-end segment by 2024.