Report Republic of Korea - Tennis, Badminton or Similar Rackets - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Republic of Korea - Tennis, Badminton or Similar Rackets - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Market for Tennis, Badminton Or Similar Rackets 2022

Market Size for Tennis, Badminton Or Similar Rackets in Republic of Korea

The South Korean tennis and badminton rackets market soared to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Tennis and badminton rackets consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Republic of Korea

In 2021, overseas shipments of tennis, badminton or similar rackets increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports dropped sharply to $X in 2021. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for tennis and badminton rackets exports from South Korea, with a X% share of total exports. Moreover, tennis and badminton rackets exports to the United States exceeded the volume sent to the second major destination, Malaysia (X units), fivefold. Vietnam (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Vietnam (-X% per year).

In value terms, the United States ($X), Vietnam ($X) and Malaysia ($X) were the largest markets for tennis and badminton rackets exported from South Korea worldwide, together accounting for X% of total exports.

The United States, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average tennis and badminton rackets export price amounted to $X per unit, with a decrease of -X% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Republic of Korea

In 2021, imports of tennis, badminton or similar rackets into South Korea skyrocketed to X units, jumping by X% against the previous year's figure. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tennis and badminton rackets imports rose notably to $X in 2021. In general, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of tennis and badminton rackets to South Korea, with a X% share of total imports. It was followed by Vietnam (X units), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Japan (-X% per year).

In value terms, China ($X) constituted the largest supplier of tennis and badminton rackets to South Korea, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2021, waning by -X% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for tennis, badminton or similar rackets in the world?
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The countries with the highest volumes of in 2021 were the United States, India and China, together comprising 35% of global consumption. Spain, Russia, France, Malaysia, the UK, Japan, South Korea, Mexico, Italy and Thailand lagged somewhat behind, together comprising a further 35%.
What are the largest producers of tennis, badminton or similar rackets in the world?
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China remains the largest tennis and badminton rackets producing country worldwide, comprising approx. 92% of total volume. Moreover, tennis and badminton rackets production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold.
What are the leading suppliers of tennis, badminton or similar rackets to Republic of Korea?
+
In value terms, China constituted the largest supplier of tennis and badminton rackets to South Korea, comprising 71% of total imports. The second position in the ranking was held by Japan, with an 18% share of total imports.
What are the leading importers of tennis, badminton or similar rackets from Republic of Korea?
+
In value terms, the largest markets for tennis and badminton rackets exported from South Korea were the United States, Vietnam and Malaysia, with a combined 51% share of total exports.
What is the average export price for tennis, badminton or similar rackets in Republic of Korea?
+
The average tennis and badminton rackets export price stood at $6.7 per unit in 2021, reducing by -53.5% against the previous year.
What is the average import price for tennis, badminton or similar rackets in Republic of Korea?
+
The average tennis and badminton rackets import price stood at $4.7 per unit in 2021, declining by -44.5% against the previous year.

This report provides an in-depth analysis of the market for tennis and badminton rackets in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 32301560 - Tennis, badminton or similar rackets, whether or not strung
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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