Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in China - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in China (FOB) - 2024
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in China (CIF) - 2022
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in China
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in China
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in China (FOB) - 2024
In February 2024, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $3.2 per unit, falling by -2% against the previous month. Over the period under review, the export price showed a perceptible decrease. The pace of growth was the most pronounced in May 2023 when the average export price increased by 16% m-o-m. The export price peaked at $5.5 per unit in June 2023; however, from July 2023 to February 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In February 2024, the country with the highest price was the United States ($4.4 per unit), while the average price for exports to Greece ($761 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), 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 China (CIF) - 2022
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $9 per unit in 2022, rising by 52% against the previous year. Overall, the import price, however, faced a deep setback. The import price peaked at $35 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($23 per unit), while the price for Taiwan (Chinese) stood at $5.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-9.8%).
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in China
Exports of tennis, badminton and similar racquets; whether or not strung from China expanded to 110M units in 2022, rising by 2.3% compared with the previous year. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 36%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $493M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.5 | 40.1 | 67.9 | 88.0 | 38.0% |
| Spain | 18.9 | 10.0 | 28.4 | 62.2 | 48.7% |
| France | 17.5 | 29.7 | 39.3 | 58.6 | 49.6% |
| Germany | 11.1 | 11.3 | 16.1 | 21.1 | 23.9% |
| Vietnam | 11.2 | 22.8 | 20.0 | 17.9 | 16.9% |
| Malaysia | 5.1 | 5.3 | 8.9 | 16.6 | 48.2% |
| Japan | 11.0 | 12.5 | 12.8 | 15.9 | 13.1% |
| Hong Kong SAR | 5.8 | 4.1 | 7.1 | 14.8 | 36.7% |
| Indonesia | 6.7 | 6.2 | 10.0 | 13.7 | 26.9% |
| India | 16.7 | 14.2 | 19.3 | 13.1 | -7.8% |
| Netherlands | 5.6 | 5.3 | 8.8 | 11.0 | 25.2% |
| United Kingdom | 7.8 | 6.4 | 8.3 | 8.5 | 2.9% |
| Bangladesh | 10.6 | 6.0 | 9.4 | 7.6 | -10.5% |
| Others | 64.9 | 59.6 | 103 | 144 | 30.4% |
| Total | 226 | 234 | 359 | 493 | 29.7% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from China in 2022:
- United States (18.7M units)
- Spain (8.8M units)
- France (7.5M units)
- Bangladesh (6.0M units)
- India (5.4M units)
- Netherlands (5.0M units)
- Germany (4.2M units)
- Vietnam (4.1M units)
- Japan (3.9M units)
- Indonesia (3.5M units)
- Malaysia (3.5M units)
- United Kingdom (2.6M units)
- Hong Kong SAR (2.5M units)
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in China
In 2022, approx. 6.9M units of tennis, badminton and similar racquets; whether or not strung were imported into China; increasing by 28% on 2021. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $62M in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.6 | 8.1 | 13.2 | 21.9 | 31.6% |
| Japan | 11.1 | 11.8 | 18.8 | 21.5 | 24.7% |
| Others | 0.2 | 3.2 | 7.8 | 18.5 | 352.3% |
| Total | 20.8 | 23.2 | 39.8 | 61.8 | 43.8% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to China in 2022:
- Taiwan (Chinese) (4.1M units)
- Japan (0.9M units)
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