Thailand - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tennis and Badminton Rackets in Thailand - 2023
Contents:
- Price for Tennis and Badminton Rackets in Thailand (CIF) - 2023
- Price for Tennis and Badminton Rackets in Thailand (FOB) - 2022
- Imports of Tennis and Badminton Rackets in Thailand
- Exports of Tennis and Badminton Rackets in Thailand
Price for Tennis and Badminton Rackets in Thailand (CIF) - 2023
In July 2023, the average tennis and badminton rackets import price amounted to $3.9 per unit, dropping by -17.5% against the previous month. In general, the import price, however, saw noticeable growth. The pace of growth was the most pronounced in February 2023 when the average import price increased by 122% against the previous month. As a result, import price attained the peak level of $10.2 per unit. From March 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($31.0 per unit), while the price for Japan ($1.8 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tennis and Badminton Rackets in Thailand (FOB) - 2022
The average tennis and badminton rackets export price stood at $6.2 per unit in 2022, surging by 18% against the previous year. In general, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. As a result, the export price attained the peak level of $13 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($63 per unit), while the average price for exports to Maldives ($2.6 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 Netherlands (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis and Badminton Rackets in Thailand
In 2022, purchases abroad of tennis, badminton or similar rackets decreased by -7.5% to 2.2M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of 2.4M units, and then contracted in the following year.
In value terms, tennis and badminton rackets imports skyrocketed to $7M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tennis and Badminton Rackets in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 4.4 | 3.7 | 5.3 | 8.9% |
| Japan | 0.9 | 0.6 | 0.9 | 0.8 | -3.9% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Indonesia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 5.7 | 5.8 | 5.4 | 7.0 | 7.1% |
Top Suppliers of Tennis and Badminton Rackets to Thailand in 2022:
- China (1959.2K units)
- Japan (88.5K units)
- Taiwan (Chinese) (67.4K units)
- Indonesia (61.4K units)
Exports of Tennis and Badminton Rackets in Thailand
In 2022, approx. 56K units of tennis, badminton or similar rackets were exported from Thailand; jumping by 69% compared with 2021. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tennis and badminton rackets exports skyrocketed to $350K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tennis and Badminton Rackets in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 2.9 | 29.0 | 14.1 | 88.9 | 213.0% |
| China | N/A | N/A | 0.1 | 74.9 | 74800.0% |
| Malaysia | 3.9 | 1.9 | 12.1 | 55.4 | 142.2% |
| Lao People's Democratic Republic | 96.7 | 71.4 | 49.2 | 41.4 | -24.6% |
| United Arab Emirates | 4.6 | 1.1 | 2.0 | 25.9 | 77.9% |
| Maldives | 0.8 | 0.1 | 48.5 | 23.7 | 209.4% |
| Cambodia | 3.7 | 3.8 | 3.5 | 4.5 | 6.7% |
| Ukraine | 16.5 | 13.5 | 12.4 | 0.3 | -73.7% |
| Others | 40.8 | 45.0 | 32.7 | 35.2 | -4.8% |
| Total | 170 | 166 | 175 | 350 | 27.2% |
Top Export Markets for Tennis and Badminton Rackets from Thailand in 2022:
- Ukraine (undefinedK units)
- Myanmar (18.8K units)
- Lao People's Democratic Republic (12.1K units)
- Maldives (9.0K units)
- Malaysia (7.5K units)
- China (3.4K units)
- United Arab Emirates (2.2K units)
- Cambodia (1.2K units)
This report provides an in-depth analysis of the market for tennis and badminton rackets in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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