Kuwait - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tennis and Badminton Rackets in Kuwait - 2021
Contents:
- Price for Tennis and Badminton Rackets in Kuwait (CIF) - 2022
- Price for Tennis and Badminton Rackets in Kuwait (FOB) - 2022
- Imports of Tennis and Badminton Rackets in Kuwait
- Exports of Tennis and Badminton Rackets in Kuwait
Price for Tennis and Badminton Rackets in Kuwait (CIF) - 2022
The average tennis and badminton rackets import price stood at $9 per unit in 2022, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $9.8 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($37 per unit), while the price for Italy ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tennis and Badminton Rackets in Kuwait (FOB) - 2022
The average tennis and badminton rackets export price stood at $5.8 per unit in 2022, reducing by -48.4% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 291% against the previous year. The export price peaked at $28 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($20 per unit), while the average price for exports to Spain ($2.7 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 the United Arab Emirates (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis and Badminton Rackets in Kuwait
In 2022, after three years of growth, there was decline in overseas purchases of tennis, badminton or similar rackets, when their volume decreased by -1.8% to 263K units. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 453% against the previous year. As a result, imports attained the peak of 268K units, and then reduced modestly in the following year.
In value terms, tennis and badminton rackets imports skyrocketed to $2.4M in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 409%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tennis and Badminton Rackets in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 88.9 | 160 | 543 | 454 | 72.2% |
| Spain | 4.0 | 14.6 | 317 | 301 | 322.2% |
| United Arab Emirates | 42.7 | 76.1 | 204 | 234 | 76.3% |
| Sweden | 2.6 | 1.7 | 2.0 | 220 | 339.0% |
| Taiwan (Chinese) | 10.3 | 49.5 | 156 | 167 | 153.1% |
| Portugal | 0.2 | 0.5 | 70.7 | 111 | 721.8% |
| Mauritius | N/A | N/A | 25.0 | 105 | 320.0% |
| Netherlands | 1.7 | 3.0 | 14.2 | 90.5 | 276.2% |
| Italy | 3.3 | 2.7 | 38.4 | 73.7 | 181.6% |
| India | 2.7 | 0.4 | 44.1 | 47.1 | 159.3% |
| Pakistan | 14.7 | 17.9 | 39.3 | 42.0 | 41.9% |
| Others | 46.7 | 72.6 | 572 | 509 | 121.7% |
| Total | 218 | 398 | 2,026 | 2,353 | 121.0% |
Top Suppliers of Tennis and Badminton Rackets to Kuwait in 2022:
- China (111.2K units)
- United Arab Emirates (25.3K units)
- Italy (23.0K units)
- Taiwan (Chinese) (22.3K units)
- Sweden (16.5K units)
- Mauritius (11.3K units)
- India (9.1K units)
- Spain (8.2K units)
- Pakistan (6.9K units)
- Portugal (6.0K units)
- Netherlands (4.8K units)
Exports of Tennis and Badminton Rackets in Kuwait
In 2022, approx. 432 units of tennis, badminton or similar rackets were exported from Kuwait; falling by -83.7% compared with 2021. Over the period under review, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 360%. As a result, the exports attained the peak of 2.6K units, and then shrank notably in the following year.
In value terms, tennis and badminton rackets exports reduced dramatically to $2.5K in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. As a result, the exports attained the peak of $30K, and then fell rapidly in the following year.
| Export of Tennis and Badminton Rackets in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 0.4 | 1.1 | 19.8 | 1.2 | 44.2% |
| Saudi Arabia | 23.6 | 9.3 | 6.4 | 1.0 | -65.1% |
| United Arab Emirates | 2.9 | 2.8 | 3.7 | 0.2 | -59.0% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Australia | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.1 | N/A | N/A | -88.9% |
| Total | 28.4 | 13.3 | 30.0 | 2.5 | -55.5% |
Top Export Markets for Tennis and Badminton Rackets from Kuwait in 2022:
- Bahrain (291.0 units)
- Saudi Arabia (92.0 units)
- Spain (32.0 units)
- United Arab Emirates (11.0 units)
This report provides an in-depth analysis of the market for tennis and badminton rackets in Kuwait. 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:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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