Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait - 2022
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $12 per unit, rising by 20% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tennis, badminton and similar racquets; whether or not strung increased by +47.3% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 ($78 per unit), while the price for India ($6.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $17 per unit in 2022, declining by -43.7% against the previous year. Over the period under review, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 100%. Over the period under review, the average export prices attained the peak figure at $31 per unit in 2021, and then contracted significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($49 per unit), while the average price for exports to Bahrain ($6.6 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 Saudi Arabia (+37.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait
In 2022, approx. 33K units of tennis, badminton and similar racquets; whether or not strung were imported into Kuwait; jumping by 54% against 2021 figures. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $382K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.0 | 20.3 | 113 | 155 | 53.3% |
| Spain | 25.9 | 26.6 | 25.3 | 44.9 | 20.1% |
| Taiwan (Chinese) | 8.5 | 16.2 | 9.1 | 41.6 | 69.8% |
| United States | 3.0 | 5.6 | 17.1 | 30.3 | 116.2% |
| United Arab Emirates | 20.8 | 8.0 | 1.5 | 14.8 | -10.7% |
| Portugal | 0.2 | 0.2 | 0.2 | 14.1 | 313.1% |
| Mauritius | N/A | N/A | 0.1 | 10.1 | 10000.0% |
| Vietnam | 1.8 | 2.1 | 2.5 | 9.4 | 73.5% |
| Pakistan | 11.8 | 8.0 | 3.3 | 5.4 | -22.9% |
| Others | 32.8 | 19.6 | 29.6 | 56.2 | 19.7% |
| Total | 148 | 107 | 202 | 382 | 37.2% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Kuwait in 2022:
- China (21.5K units)
- Taiwan (Chinese) (2.9K units)
- Portugal (1.0K units)
- United Arab Emirates (1.0K units)
- United States (0.7K units)
- Vietnam (0.7K units)
- Mauritius (0.7K units)
- Spain (0.6K units)
- Pakistan (0.5K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait
In 2022, exports of tennis, badminton and similar racquets; whether or not strung from Kuwait dropped markedly to 70 units, which is down by -97.8% compared with the year before. In general, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 249% against the previous year. As a result, the exports reached the peak of 3.2K units, and then shrank significantly in the following year.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung fell rapidly to $1.2K in 2022. Over the period under review, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2021 when exports increased by 133% against the previous year. As a result, the exports reached the peak of $30K, and then shrank sharply in the following year.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 23.5 | 9.2 | 6.4 | 0.8 | -67.6% |
| Bahrain | 0.4 | 1.1 | 19.9 | 0.3 | -9.1% |
| United Arab Emirates | 2.9 | 2.4 | 3.6 | N/A | 11.4% |
| Australia | 0.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 27.4 | 12.8 | 29.8 | 1.2 | -64.8% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Kuwait in 2022:
- Bahrain (48.0 units)
- Saudi Arabia (17.0 units)
- United Arab Emirates (4.0 units)
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