New Zealand - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tennis and Badminton Rackets in New Zealand - 2023
Contents:
- Price for Tennis and Badminton Rackets in New Zealand (CIF) - 2023
- Price for Tennis and Badminton Rackets in New Zealand (FOB) - 2022
- Imports of Tennis and Badminton Rackets in New Zealand
- Exports of Tennis and Badminton Rackets in New Zealand
Price for Tennis and Badminton Rackets in New Zealand (CIF) - 2023
In August 2023, the average tennis and badminton rackets import price amounted to $25.4 per unit, with an increase of 30% against the previous month. Over the period under review, the import price posted pronounced growth. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 103% m-o-m. Over the period under review, average import prices hit record highs at $38.8 per unit in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Taiwan (Chinese) ($34.3 per unit), while the price for China stood at $24.2 per unit.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+5.2%).
Price for Tennis and Badminton Rackets in New Zealand (FOB) - 2022
The average tennis and badminton rackets export price stood at $13 per unit in 2022, reducing by -48.2% against the previous year. In general, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs at $25 per unit in 2015; however, from 2016 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 Guam ($32 per unit), while the average price for exports to Australia ($10 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 Guam (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis and Badminton Rackets in New Zealand
In 2022, approx. 117K units of tennis, badminton or similar rackets were imported into New Zealand; increasing by 3.1% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 5.4% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, tennis and badminton rackets imports fell slightly to $2M in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $2.1M, and then dropped modestly in the following year.
| Import of Tennis and Badminton Rackets in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,364 | 1,328 | 1,523 | 1,578 | 5.0% |
| Japan | 98.3 | 148 | 301 | 184 | 23.2% |
| Taiwan (Chinese) | 28.6 | 41.4 | 116 | 73.4 | 36.9% |
| Others | 37.8 | 73.6 | 146 | 198 | 73.7% |
| Total | 1,528 | 1,591 | 2,086 | 2,033 | 10.0% |
Top Suppliers of Tennis and Badminton Rackets to New Zealand in 2022:
- China (101.3K units)
- Japan (3.8K units)
- Taiwan (Chinese) (3.3K units)
Exports of Tennis and Badminton Rackets in New Zealand
In 2022, tennis and badminton rackets exports from New Zealand soared to 1.7K units, jumping by 574% on the year before. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at 1.8K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tennis and badminton rackets exports skyrocketed to $22K in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the maximum at $27K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tennis and Badminton Rackets in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 24.3 | 2.4 | 1.7 | 14.6 | -15.6% |
| Cook Islands | N/A | 0.5 | 0.2 | 2.5 | 123.6% |
| Fiji | 1.3 | N/A | 2.5 | 2.3 | 20.9% |
| Guam | N/A | N/A | N/A | 1.2 | 0% |
| Samoa | N/A | N/A | 0.8 | 0.6 | -25.0% |
| Others | 1.2 | 0.2 | 1.1 | 0.7 | -16.4% |
| Total | 26.8 | 3.0 | 6.3 | 21.9 | -6.5% |
Top Export Markets for Tennis and Badminton Rackets from New Zealand in 2022:
- Australia (1446.0 units)
- Cook Islands (109.0 units)
- Fiji (86.0 units)
- Guam (39.0 units)
- Samoa (38.0 units)
This report provides an in-depth analysis of the market for tennis and badminton rackets in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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
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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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