Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia (CIF) - 2024
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia (CIF) - 2024
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $8.6 per unit in January 2024, reducing by -18.2% against the previous month. In general, the import price, however, saw a modest expansion. The pace of growth appeared the most rapid in August 2023 an increase of 131% against the previous month. Over the period under review, average import prices reached the peak figure at $13.4 per unit in June 2023; however, from July 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($47.1 per unit), while the price for China ($6.0 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Singapore (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $13 per unit, rising by 18% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum at $23 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($29 per unit), while the average price for exports to Thailand ($7.2 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 Japan (+12.1%), 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 Malaysia
In 2022, the amount of tennis, badminton and similar racquets; whether or not strung imported into Malaysia surged to 4M units, increasing by 51% compared with the year before. In general, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung soared to $29M in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 6.9 | 9.8 | 18.7 | 28.6% |
| Japan | 5.4 | 3.2 | 6.6 | 7.6 | 12.1% |
| Vietnam | 0.4 | 0.5 | 0.7 | 1.9 | 68.1% |
| Hong Kong SAR | 1.0 | 0.8 | 1.5 | N/A | 22.5% |
| Others | 2.1 | 0.4 | 1.2 | 1.0 | -21.9% |
| Total | 17.7 | 11.7 | 19.8 | 29.2 | 18.2% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Malaysia in 2022:
- China (3632.5K units)
- Vietnam (174.4K units)
- Japan (171.6K units)
- Hong Kong SAR (1.8K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia
In 2022, shipments abroad of tennis, badminton and similar racquets; whether or not strung decreased by -31.9% to 117K units, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. As a result, the exports reached the peak of 264K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung reduced rapidly to $1.5M in 2022. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 181 | 54.7 | 195 | 396 | 29.8% |
| Hong Kong SAR | 489 | 720 | 984 | 283 | -16.7% |
| Singapore | 656 | 981 | 649 | 257 | -26.8% |
| Vietnam | 60.8 | 69.6 | 46.7 | 149 | 34.8% |
| China | 9.2 | 14.3 | 20.3 | 137 | 146.0% |
| Thailand | 53.0 | 28.1 | 13.2 | 66.1 | 7.6% |
| Australia | 110 | 64.4 | 177 | 42.2 | -27.3% |
| Philippines | 11.6 | 20.1 | 34.3 | 40.5 | 51.7% |
| Japan | 38.6 | 263 | 26.1 | 37.5 | -1.0% |
| India | 28.7 | 54.6 | 112 | 35.4 | 7.2% |
| South Korea | 70.7 | 226 | 74.4 | 3.8 | -62.3% |
| Others | 115 | 102 | 136 | 93.9 | -6.5% |
| Total | 1,823 | 2,597 | 2,468 | 1,542 | -5.4% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Malaysia in 2022:
- Indonesia (29.4K units)
- Singapore (24.9K units)
- China (15.1K units)
- Vietnam (10.0K units)
- Hong Kong SAR (9.7K units)
- Thailand (9.2K units)
- Philippines (4.6K units)
- India (3.3K units)
- Australia (2.2K units)
- Japan (1.5K units)
- South Korea (0.2K units)
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