Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan (FOB) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan (CIF) - 2022
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $20 per unit, which is down by -16.9% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 260%. Over the period under review, the average export prices reached the maximum at $23 per unit in 2021, and then reduced notably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($21 per unit), while the average price for exports to Argentina ($11 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 Sweden (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $0.8 per unit, shrinking by -18.8% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 268% against the previous year. Over the period under review, average import prices attained the maximum at $9.7 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($0.9 per unit), while the price for Sudan ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-8.4%).
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan
In 2022, after three years of growth, there was significant decline in shipments abroad of tennis, badminton and similar racquets; whether or not strung, when their volume decreased by -40.8% to 1.5M units. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 101%. As a result, the exports reached the peak of 2.5M units, and then shrank remarkably in the following year.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung soared to $24M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 258%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.4 | 3.0 | 10.9 | 10.9 | 98.2% |
| Sweden | 0.4 | 1.2 | 2.5 | 3.2 | 100.0% |
| Brazil | 0.2 | 0.1 | 1.4 | 2.4 | 128.9% |
| Italy | 0.3 | 0.3 | 1.1 | 2.2 | 94.3% |
| Netherlands | 0.1 | 0.3 | 1.1 | 1.7 | 157.1% |
| United States | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Argentina | N/A | 0.2 | 0.4 | 0.3 | 22.5% |
| Others | 0.3 | 0.3 | 2.0 | 2.9 | 113.0% |
| Total | 2.7 | 5.4 | 19.5 | 24.1 | 107.4% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Pakistan in 2022:
- Spain (628.8K units)
- Sweden (186.3K units)
- Brazil (138.8K units)
- Netherlands (138.2K units)
- Italy (104.8K units)
- United States (30.2K units)
- Argentina (29.4K units)
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan
In 2022, purchases abroad of tennis, badminton and similar racquets; whether or not strung was finally on the rise to reach 393K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a sharp shrinkage. Over the period under review, imports of attained the peak figure at 1.1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung contracted to $306K in 2022. Over the period under review, imports, however, recorded a sharp shrinkage. Imports peaked at $843K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 839 | 400 | 309 | 250 | -33.2% |
| Hong Kong SAR | N/A | 8.1 | 33.3 | 41.5 | 126.4% |
| Sudan | N/A | N/A | N/A | 11.5 | 0% |
| Others | 3.7 | 3.0 | 8.4 | 3.8 | 0.9% |
| Total | 843 | 411 | 350 | 306 | -28.7% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Pakistan in 2022:
- China (326.0K units)
- Hong Kong SAR (48.0K units)
- Sudan (15.5K units)
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