HS Code:
The category of watch straps, watch bands, and watch bracelets, and parts thereof (HS Code: 9113) includes accessories and components used in the assembly and customization of watches. These products are typically made from materials such as leather, metal, plastic, or textile, catering to both functional and aesthetic purposes. This category is a significant part of the global watchmaking and jewelry industry, with trade driven by demand for luxury watches, smartwatches, and affordable fashion accessories. The market is influenced by trends in wearable technology, sustainability, and consumer preferences for personalized and high-quality materials.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Switzerland)
Rising demand for sustainable materials
Increased use of vegan leather and recycled materials in watch straps, driven by consumer awareness of environmental impact.
2021-2023
Growth in smartwatch accessories
Significant rise in demand for compatible bands and straps for smartwatches, boosting trade volumes in tech-focused markets.
2020-2023
Shift towards customization
Growing consumer preference for personalized and interchangeable watch bands, leading to innovation in design and materials.
2019-2023
The European Union introduced stricter guidelines on leather sourcing for watch straps, requiring transparency in supply chains to ensure ethical practices.
January 2023
Increased production costs for manufacturers but improved market access for compliant suppliers.
A revised trade agreement reduced tariffs on watch accessories exported from China to the US, benefiting Chinese manufacturers.
March 2022
Boosted export volumes from China, potentially shifting market share from other exporters.
Major tech companies launched new modular and health-monitoring watch bands, integrating sensors directly into the straps.
September 2023
Created a new niche market segment, driving demand for high-tech watch bands.