HS Code:
The Water Park Amusements category, typically classified under HS Code 9508.29, encompasses equipment and structures designed for water-based recreational activities in amusement parks, such as water slides, wave pools, lazy rivers, and related accessories. This category includes both permanent installations and modular components used in the construction and operation of water parks globally. The products are primarily made of durable materials like fiberglass, steel, and plastics to withstand water exposure and ensure safety. This sector is closely tied to tourism, leisure, and entertainment industries, with demand driven by seasonal trends, urbanization, and rising disposable incomes in emerging markets.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 450 million
37.5% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements like USMCA and EU Single Market)
Growing demand in Asia-Pacific region
Increased exports to countries like India, Thailand, and Indonesia due to rising tourism and urbanization, boosting trade volume by 15% annually.
2021-2023
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials and energy-efficient designs for water park equipment, influencing production costs and trade dynamics.
2020-2022
Technological innovation in water rides
Integration of VR/AR and interactive features in water amusements is driving demand for high-tech equipment, particularly from developed markets.
2022-2023
The International Association of Amusement Parks and Attractions (IAAPA) released updated safety guidelines for water park equipment, mandating stricter testing protocols for water slides and wave pools.
March 2023
Manufacturers may face higher compliance costs, potentially increasing prices and affecting export competitiveness in price-sensitive markets.
China expanded its manufacturing capacity for water park amusements, supported by government incentives for leisure industry exports, resulting in a 20% surge in trade volume.
June 2022
Intensified competition for other exporting countries, particularly in the low-cost segment of the market.
Under the US-Mexico-Canada Agreement, tariffs on amusement equipment, including water park products, were reduced to 0% for member countries.
January 2023
Boosted trade flows within North America, with a notable 10% increase in exports from Canada and the US to Mexico for water park projects.