Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico (CIF) - 2024
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico (FOB) - 2024
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico (CIF) - 2024
In December 2023, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $18.9 per unit, with an increase of 14% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($18.9 per unit), while the price for China ($18.9 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico (FOB) - 2024
In December 2023, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $6.8 per unit, leveling off at the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of less than 0.1% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From April 2023 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.3% per month.
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico
For the fourth year in a row, Mexico recorded growth in supplies from abroad of tennis, badminton and similar racquets; whether or not strung, which increased by 7.6% to 430K units in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 88%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $9M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 118% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 2.9 | 5.1 | 8.5 | 111.4% |
| United States | 1.3 | 1.9 | 1.1 | 0.5 | -27.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 2.3 | 5.0 | 6.2 | 9.0 | 57.6% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Mexico in 2022:
- China (404.0K units)
- United States (22.4K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico
In 2022, the amount of tennis, badminton and similar racquets; whether or not strung exported from Mexico surged to 200K units, growing by 395% compared with the year before. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung soared to $1.2M in 2022. Overall, exports, however, saw a drastic downturn. The exports peaked at $1.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.8 | N/A | 0.3 | 1.2 | -12.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.8 | N/A | 0.3 | 1.2 | -12.6% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Mexico in 2022:
- United States (200.2K units)
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