Lawn-Tennis Balls Price in Hong Kong SAR - 2023
Contents:
- Lawn-Tennis Balls Price in Hong Kong SAR (CIF) - 2023
- Lawn-Tennis Balls Price in Hong Kong SAR (FOB) - 2022
- Lawn-Tennis Balls Imports in Hong Kong SAR
- Lawn-Tennis Balls Exports in Hong Kong SAR
Lawn-Tennis Balls Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average lawn-tennis balls import price amounted to $845 per thousand units, increasing by 14% against the previous month. Overall, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in January 2023 when the average import price increased by 72% month-to-month. The import price peaked at $4.4 per unit in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($11.2 per unit), while the price for China ($740 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Lawn-Tennis Balls Price in Hong Kong SAR (FOB) - 2022
The average lawn-tennis balls export price stood at $0.8 per unit in 2022, reducing by -15.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 an increase of 18%. The export price peaked at $0.9 per unit in 2021, and then reduced remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($5.1 per unit), while the average price for exports to the United Arab Emirates ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lawn-Tennis Balls Imports in Hong Kong SAR
Lawn-tennis balls imports into Hong Kong SAR soared to 2.5M units in 2022, with an increase of 102% on the previous year. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lawn-tennis balls imports surged to $1.8M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lawn-Tennis Balls in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 461 | 260 | 453 | 988 | 28.9% |
| Philippines | 556 | 509 | 475 | 505 | -3.2% |
| Thailand | 342 | 318 | 245 | 192 | -17.5% |
| Others | 43.3 | 44.2 | 22.7 | 91.8 | 28.5% |
| Total | 1,402 | 1,131 | 1,196 | 1,776 | 8.2% |
Top Suppliers of Lawn-Tennis Balls to Hong Kong SAR in 2022:
- China (1651.7K units)
- Philippines (548.0K units)
- Thailand (209.7K units)
Lawn-Tennis Balls Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of lawn-tennis ballses, which decreased by -80.4% to 103K units in 2022. Over the period under review, exports continue to indicate a precipitous decline. The smallest decline of -18.7% was in 2021. Over the period under review, the exports attained the maximum at 920K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, lawn-tennis balls exports reduced markedly to $82K in 2022. Overall, exports recorded a significant curtailment. The smallest decline of -5% was in 2021. Over the period under review, the exports reached the maximum at $809K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Lawn-Tennis Balls in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 667 | 319 | 301 | 46.1 | -59.0% |
| United States | 10.9 | 81.4 | 33.6 | 11.2 | 0.9% |
| Mexico | 45.7 | 39.9 | 52.0 | 11.1 | -37.6% |
| Macao SAR | 1.0 | 2.4 | N/A | 6.0 | 81.7% |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| Others | 83.7 | 80.0 | 110 | 7.8 | -54.7% |
| Total | 809 | 522 | 496 | 82.4 | -53.3% |
Top Export Markets for Lawn-Tennis Balls from Hong Kong SAR in 2022:
- China (75.7K units)
- United States (15.9K units)
- Macao SAR (4.2K units)
- Mexico (2.2K units)
- United Arab Emirates (1.6K units)
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