Asia: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Asia

The Asian tennis and badminton rackets market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a abrupt setback. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Tennis, Badminton Or Similar Rackets in Asia

In value terms, tennis and badminton rackets production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports in Asia

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. In general, exports enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports soared to $X in 2022. Total exports indicated noticeable 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Hong Kong SAR (X units), Japan (X units) and Pakistan (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tennis and badminton rackets exports from China stood at X%. At the same time, Pakistan (X%) and Japan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, tennis and badminton rackets exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($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 leaders experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports in Asia

In 2022, tennis and badminton rackets imports in Asia rose significantly to X units, picking up by X% compared with 2021. Total imports indicated strong growth from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, tennis and badminton rackets imports rose markedly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

India represented the largest importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by China (X units), Malaysia (X units) and Hong Kong SAR (X units), together comprising a X% share of total imports. The following importers - the United Arab Emirates (X units), Thailand (X units), Singapore (X units), the Philippines (X units), Japan (X units), Taiwan (Chinese) (X units), South Korea (X units) and Kuwait (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tennis and badminton rackets imports into India stood at X%. At the same time, Kuwait (X%), China (X%), the United Arab Emirates (X%), Thailand (X%), the Philippines (X%), Singapore (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. India (X p.p.), China (X p.p.), the United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Japan, Malaysia and Hong Kong SAR saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Hong Kong SAR, India, Singapore, South Korea, the United Arab Emirates, Kuwait, Taiwan (Chinese), Thailand and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Japan ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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