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

Contents:

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

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

The average import price for tennis, badminton and similar racquets; whether or not strung stood at $6.6 per unit in 2022, declining by -14.1% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 136%. Over the period under review, average import prices reached the peak figure at $16 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($37 per unit), while the price for Spain ($2.5 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 (+12.8%), 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 Venezuela (FOB) - 2022

The average export price for tennis, badminton and similar racquets; whether or not strung stood at $16 per unit in 2022, growing by 195% against the previous year. Over the period under review, the export price showed resilient growth. The export price peaked at $18 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($8 per unit), while the average price for exports to Costa Rica amounted to $7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+21.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth consecutive year, Venezuela recorded growth in supplies from abroad of tennis, badminton and similar racquets; whether or not strung, which increased by 556% to 44K units in 2022. Overall, imports showed a significant increase. As a result, imports reached 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 $289K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.51.42.787.3109.5%
Panama9.129.523.178.0104.7%
Italy0.63.33.928.8263.4%
United States25.324.412.728.54.0%
Spain0.21.17.225.1400.7%
SwedenN/AN/AN/A10.80%
PortugalN/AN/AN/A10.30%
Others3.14.85.020.587.7%
Total47.864.554.728982.2%

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

  1. China (15.5K units)
  2. Spain (9.9K units)
  3. Italy (6.0K units)
  4. Panama (5.3K units)
  5. Sweden (2.2K units)
  6. Portugal (1.9K units)
  7. United States (1.0K units)

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

Exports of tennis, badminton and similar racquets; whether or not strung from Venezuela skyrocketed to 8 units in 2022, rising by 100% compared with 2021 figures. Overall, exports, however, showed a abrupt decrease. The exports peaked at 13 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $63 in 2022. In general, exports, however, showed a precipitous decrease. Over the period under review, the exports of hit record highs at $132 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 Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain1238.015.056.0-23.1%
Costa Rica5.01.01.07.011.9%
Others4.0N/AN/AN/A0%
Total1329.016.063.0-21.9%

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

  1. Spain (7.0 units)
  2. Costa Rica (1.0 units)

Source: IndexBox Market Intelligence Platform

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