Lawn-Tennis Balls Price in South Korea - 2022

Contents:

  1. Lawn-Tennis Balls Price in South Korea (CIF) - 2022
  2. Lawn-Tennis Balls Price in South Korea (FOB) - 2022
  3. Lawn-Tennis Balls Imports in South Korea
  4. Lawn-Tennis Balls Exports in South Korea

Lawn-Tennis Balls Price in South Korea (CIF) - 2022

The average lawn-tennis balls import price stood at $0.7 per unit in 2022, which is down by -12.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 60% against the previous year. As a result, import price attained the peak level of $1.1 per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($0.7 per unit) and Indonesia ($0.7 per unit), while the price for China ($0.7 per unit) and Thailand ($0.7 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+0.4%), while the prices for the other major suppliers experienced a decline.

Lawn-Tennis Balls Price in South Korea (FOB) - 2022

In 2022, the average lawn-tennis balls export price amounted to $0.8 per unit, with an increase of 17% against the previous year. Over the period under review, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 175%. The export price peaked at $1.3 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1.7 per unit), while the average price for exports to the United States ($0.7 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 Japan (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn-Tennis Balls Imports in South Korea

In 2022, approx. 9.6M units of lawn-tennis ballses were imported into South Korea; picking up by 45% compared with the previous year's figure. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, lawn-tennis balls imports skyrocketed to $6.2M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +48.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Lawn-Tennis Balls in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand3.73.43.74.35.1%
China0.20.60.91.071.0%
Philippines0.10.10.10.571.0%
Indonesia0.20.10.10.426.0%
OthersN/A0.1N/AN/A0%
Total4.24.24.96.213.9%

Top Suppliers of Lawn-Tennis Balls to South Korea in 2022:

  1. Thailand (6.6M units)
  2. China (1.5M units)
  3. Philippines (0.8M units)
  4. Indonesia (0.6M units)

Lawn-Tennis Balls Exports in South Korea

In 2022, lawn-tennis balls exports from South Korea skyrocketed to 15K units, growing by 1,028% compared with 2021 figures. Overall, exports saw significant growth. Over the period under review, the exports attained the maximum at 15K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, lawn-tennis balls exports surged to $12K in 2022. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Lawn-Tennis Balls in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/A0.59.11720.0%
Singapore0.1N/AN/A1.7157.1%
ArgentinaN/A7.8N/AN/A0%
Japan8.6N/AN/AN/A0%
GreeceN/A0.4N/AN/A0%
Others0.11.20.40.8100.0%
Total8.89.40.911.69.6%

Top Export Markets for Lawn-Tennis Balls from South Korea in 2022:

  1. United States (13.6K units)
  2. Singapore (1.0K units)

Source: IndexBox Market Intelligence Platform

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