Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia - 2022

Contents:

  1. Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia (CIF) - 2022
  2. Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia (FOB) - 2022
  3. Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia
  4. Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia

Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia (CIF) - 2022

In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $4.5 per unit, surging by 75% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 159% against the previous year. As a result, import price reached the peak level of $5.6 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.2% per year.

Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia (FOB) - 2022

In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $16 per unit, rising by 30% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 195% against the previous year. As a result, the export price reached the peak level of $16 per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($23 per unit), while the average price for exports to Costa Rica ($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 the United States (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia

Imports of tennis, badminton and similar racquets; whether or not strung into Colombia rose markedly to 96K units in 2022, increasing by 7.4% against the previous year. In general, imports, however, recorded a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of 339%. As a result, imports reached the peak of 445K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tennis, badminton and similar racquets; whether or not strung soared to $281K in 2022. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 329%. As a result, imports reached the peak of $936K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17882016924110.6%
Others39.511661.340.30.7%
Total2189362302818.8%

Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Colombia in 2022:

  1. China (91.2K units)

Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia

In 2022, exports of tennis, badminton and similar racquets; whether or not strung from Colombia contracted notably to 17 units, dropping by -29.2% against 2021. In general, exports recorded a dramatic decrease. The exports peaked at 51 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of tennis, badminton and similar racquets; whether or not strung reduced to $223 in 2022. Over the period under review, exports saw a abrupt slump. The smallest decline of -8.9% was in 2021. Over the period under review, the exports of reached the maximum at $404 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Colombia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates225146120109-21.5%
Panama62.055.062.077.07.5%
United States47.031.025.023.0-21.2%
Chile39.015.06.05.0-49.6%
Dominican Republic4.05.04.04.00.0%
Ecuador1.01.01.03.044.2%
Costa Rica10.017.07.02.0-41.5%
Others16.0N/A21.0N/A14.6%
Total404270246223-18.0%

Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Colombia in 2022:

  1. Panama (7.0 units)
  2. United Arab Emirates (5.0 units)
  3. Costa Rica (1.0 units)
  4. United States (1.0 units)
  5. Chile (1.0 units)
  6. Dominican Republic (1.0 units)
  7. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform

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