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China - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Feb 8, 2023
China's Tennis and Badminton Rackets Price Reduces Markedly to $5.8 per Unit
China Tennis and Badminton Rackets Export Price in September 2022
In September 2022, the tennis and badminton rackets price amounted to $5.8 per unit (FOB, China), which is down by -10.3% against the previous month. Overall, export price indicated a prominent increase from January 2022 to September 2022: its price increased at an average monthly rate of +7.5% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, tennis and badminton rackets export price decreased by -10.3% against August 2022 indices. The most prominent rate of growth was recorded in April 2022 an increase of 44% m-o-m. The export price peaked at $6.4 per unit in August 2022, and then contracted in the following month.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Spain ($18.2 per unit), while the average price for exports to Bangladesh ($1.1 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
China Tennis and Badminton Rackets Exports
In September 2022, after three months of decline, there was significant growth in overseas shipments of tennis, badminton or similar rackets, when their volume increased by 15% to 8.8M units. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in March 2022 when exports increased by 16% m-o-m. Over the period under review, the exports hit record highs at 15M units in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, tennis and badminton rackets exports rose modestly to $50M (IndexBox estimates) in September 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when exports increased by 22% month-to-month. Over the period under review, the exports attained the maximum at 53M units in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.
China Tennis and Badminton Rackets Exports by Country
Bangladesh (2M units), the United States (1.2M units) and France (572K units) were the main destinations of tennis and badminton rackets exports from China, together accounting for 43% of total exports.
From January 2022 to September 2022, the biggest increases were in Bangladesh (with a CAGR of +62.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($7.9M), France ($7.8M) and Spain ($3.8M) constituted the largest markets for tennis and badminton rackets exported from China worldwide, with a combined 39% share of total exports. Japan, Bangladesh, Vietnam, Hong Kong SAR, India, Malaysia, Indonesia, the Netherlands, Australia and the Philippines lagged somewhat behind, together comprising a further 29%.
Among the main countries of destination, Bangladesh, with a CAGR of +46.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Tennis and Badminton Racket Market Overview
Badminton is one of the most popular sports in China with a large number of players and spectators. The country has a strong manufacturing base for badminton products, which gives it a competitive advantage in the global market. Leading companies in the Tennis and Badminton Rackets market in China are Yonex Co., Ltd., Li-Ning Company Limited, Carlton International Group Limited, Wilson Sporting Goods Co., and Franklin Sports, Inc. These companies are focused on expanding their product portfolios to meet the changing needs of consumers.
Despite the presence of international brands, there are also many local companies that have emerged in recent years and are giving the big brands a run for their money. These companies are often able to offer competitive prices and better quality products due to their intimate knowledge of the Chinese market.
The tennis and badminton rackets market in China is a booming industry with immense potential. The market is driven by the growing popularity of these sports, as well as the rising disposable incomes of consumers. In addition, the increasing number of international tournaments being hosted in China is also driving the growth of the market. With continued economic growth and an increasing focus on health and wellness, the demand for quality rackets and equipment is only going to grow in the years to come.
This report provides an in-depth analysis of the market for tennis and badminton rackets in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 32301560 - Tennis, badminton or similar rackets, whether or not strung
Country coverage:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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