Lithuania: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Lithuania

The Lithuanian tennis and badminton rackets market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Tennis, Badminton Or Similar Rackets in Lithuania

In value terms, tennis and badminton rackets production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Lithuania

In 2022, overseas shipments of tennis, badminton or similar rackets increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tennis and badminton rackets exports soared to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Kazakhstan (X units), Armenia (X units) and the UK (X units) were the main destinations of tennis and badminton rackets exports from Lithuania, with a combined X% share of total exports. Latvia, Belarus, Estonia, Russia and Uzbekistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Latvia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Latvia (X% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tennis and badminton rackets export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Armenia ($X 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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Lithuania

For the third consecutive year, Lithuania recorded growth in supplies from abroad of tennis, badminton or similar rackets, which increased by X% to X units in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tennis and badminton rackets imports soared to $X in 2022. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Latvia (X units) and Germany (X units) were the main suppliers of tennis and badminton rackets imports to Lithuania, with a combined X% share of total imports. The Netherlands, Poland, France and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and the Netherlands ($X) constituted the largest tennis and badminton rackets suppliers to Lithuania, with a combined X% share of total imports. Germany, France, China and Finland lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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