Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines (CIF) - 2022
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $1.4 per unit in 2022, shrinking by -19.4% against the previous year. Overall, the import price, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 240% against the previous year. Over the period under review, average import prices reached the maximum at $3.8 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2.7 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $13 per unit, picking up by 162% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $32 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2013 to 2022, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines
In 2022, after two years of decline, there was significant growth in purchases abroad of tennis, badminton and similar racquets; whether or not strung, when their volume increased by 152% to 1.5M units. In general, imports showed a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $2M in 2022. Overall, imports posted a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,645 | 1,069 | 900 | 1,764 | 2.4% |
| United States | 46.5 | 61.4 | 38.4 | 7.1 | -46.6% |
| Others | 189 | 130 | 118 | 251 | 9.9% |
| Total | 1,881 | 1,260 | 1,056 | 2,022 | 2.4% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to the Philippines in 2022:
- China (1441.8K units)
- United States (2.7K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines
In 2022, the amount of tennis, badminton and similar racquets; whether or not strung exported from the Philippines contracted dramatically to 2 units, with a decrease of -99.3% against 2021. Overall, exports showed a dramatic slump. The smallest decline of -99.3% was in 2021. Over the period under review, the exports of attained the maximum at 36K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung fell notably to $25 in 2022. In general, exports continue to indicate a significant decrease. The exports peaked at $476K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | 476 | N/A | N/A | 0% | |
| Australia | N/A | N/A | N/A | 0% | |
| Others | 0.7 | 1.3 | N/A | 85.7% | |
| Total | 476 | 1.3 | N/A | -99.7% | |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from the Philippines in 2022:
- Australia (2.0 units)
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