Overview of the Global Market for Tennis, Badminton Or Similar Rackets

Market Size for Tennis, Badminton Or Similar Rackets

The global tennis and badminton rackets market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible descent. Over the period under review, the global market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Tennis, Badminton Or Similar Rackets

In value terms, tennis and badminton rackets production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, global production growth failed to regain momentum.

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Exports of Tennis, Badminton Or Similar Rackets

Exports

In 2022, overseas shipments of tennis, badminton or similar rackets increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a tangible expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China dominates exports structure, resulting at X units, which was near X% of total exports in 2022. Hong Kong SAR (X units), Japan (X units), Pakistan (X units), Spain (X units) and the Netherlands (X units) held a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Pakistan (X%), the Netherlands (X%) and Japan (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Pakistan (X p.p.) and Spain (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tennis and badminton rackets supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with a X% share of global exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price saw slight growth. The pace of growth was the most pronounced in 2015 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 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other global leaders experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports

In 2022, purchases abroad of tennis, badminton or similar rackets increased by X% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, tennis and badminton rackets imports surged to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X units) and the United States (X units) represented the main importers of tennis, badminton or similar rackets in 2022, reaching near X% and X% of total imports, respectively. It was distantly followed by China (X units), creating a X% share of total imports. Spain (X units), Malaysia (X units), France (X units), Hong Kong SAR (X units), Germany (X units), the United Arab Emirates (X units), the Netherlands (X units), Chile (X units), Thailand (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Germany, China, the Netherlands, Malaysia, Hong Kong SAR, India, Chile, the United Arab Emirates, Thailand and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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