Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Morocco - 2023

Contents:

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

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

In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $6 per unit, falling by -47.3% against the previous year. Over the period under review, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 266%. Over the period under review, the average export prices reached the maximum at $23 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($6 per unit), while the average price for exports to Spain stood at $6 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.4%), while the prices for the other major destinations experienced a decline.

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

The average import price for tennis, badminton and similar racquets; whether or not strung stood at $21 per unit in 2022, jumping by 34% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +125.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($21 per unit) and Pakistan ($21 per unit), while the price for Italy ($21 per unit) and China ($21 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth year in a row, Morocco recorded growth in overseas shipments of tennis, badminton and similar racquets; whether or not strung, which increased by 159% to 523K units in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 171%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $3.1M in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 92%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain5981,0121,7692,81167.5%
Sweden28.517740422197.9%
Others20.755.512192.364.6%
Total6471,2452,2953,12469.0%

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

  1. Spain (470.9K units)
  2. Sweden (37.1K units)

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

In 2022, approx. 20K units of tennis, badminton and similar racquets; whether or not strung were imported into Morocco; with an increase of 29% on the year before. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 171% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $420K in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 214%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11370.823136447.7%
Spain1.10.50.723.7178.3%
Pakistan0.5N/A6.823.0258.3%
Others11.76.14.19.9-5.4%
Total12777.424342049.0%

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

  1. China (17.3K units)
  2. Pakistan (1.1K units)
  3. Spain (1.1K units)

Source: IndexBox Market Intelligence Platform

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