Sri Lanka - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tennis and Badminton Rackets in Sri Lanka - 2021
Contents:
- Price for Tennis and Badminton Rackets in Sri Lanka (CIF) - 2022
- Price for Tennis and Badminton Rackets in Sri Lanka (FOB) - 2022
- Imports of Tennis and Badminton Rackets in Sri Lanka
- Exports of Tennis and Badminton Rackets in Sri Lanka
Price for Tennis and Badminton Rackets in Sri Lanka (CIF) - 2022
In 2022, the average tennis and badminton rackets import price amounted to $1.5 per unit, declining by -50.8% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 37%. The import price peaked at $4 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 Singapore ($20 per unit), while the price for China amounted to $1.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.6%).
Price for Tennis and Badminton Rackets in Sri Lanka (FOB) - 2022
In 2022, the average tennis and badminton rackets export price amounted to $2.1 per unit, falling by -83.2% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices attained the maximum at $17 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($7.9 per unit), while the average price for exports to Sweden ($1.2 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 Germany (+86.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis and Badminton Rackets in Sri Lanka
In 2022, purchases abroad of tennis, badminton or similar rackets decreased by -49% to 168K units, falling for the second year in a row after two years of growth. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports attained the peak of 353K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tennis and badminton rackets imports dropped sharply to $250K in 2022. In general, imports showed a significant decline. The pace of growth was the most pronounced in 2020 with an increase of 31%. Imports peaked at $998K in 2021, and then reduced dramatically in the following year.
Import of Tennis and Badminton Rackets in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 484 | 593 | 545 | 201 | -25.4% |
Singapore | 83.4 | 130 | 159 | 33.8 | -26.0% |
Others | 28.5 | 55.5 | 294 | 15.2 | -18.9% |
Total | 596 | 779 | 998 | 250 | -25.1% |
Top Suppliers of Tennis and Badminton Rackets to Sri Lanka in 2022:
- China (164.3K units)
- Singapore (1.7K units)
Exports of Tennis and Badminton Rackets in Sri Lanka
In 2022, after two years of decline, there was significant growth in overseas shipments of tennis, badminton or similar rackets, when their volume increased by 12% to 619 units. In general, exports, however, saw a sharp setback. The exports peaked at 1.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tennis and badminton rackets exports shrank dramatically to $1.3K in 2022. Overall, exports, however, saw a precipitous curtailment. The smallest decline of -16.1% was in 2020. Over the period under review, the exports attained the maximum at $17K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Tennis and Badminton Rackets in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Pakistan | N/A | N/A | N/A | 0.6 | 0% |
Italy | N/A | N/A | N/A | 0.3 | 0% |
Switzerland | N/A | N/A | 0.1 | 0.2 | 100.0% |
India | N/A | N/A | N/A | 0.1 | 0% |
United Arab Emirates | 3.2 | 6.4 | N/A | 0.1 | -68.5% |
South Korea | 0.8 | N/A | 1.9 | N/A | 54.1% |
Sweden | N/A | N/A | N/A | N/A | 0% |
Iceland | N/A | N/A | 1.5 | N/A | 0% |
Oman | 6.0 | N/A | N/A | N/A | 0% |
Singapore | 3.3 | 7.9 | 0.5 | N/A | -61.1% |
Czech Republic | 2.0 | N/A | N/A | N/A | 0% |
Maldives | 1.5 | N/A | N/A | N/A | 0% |
Others | 0.6 | 0.3 | 3.0 | N/A | 123.6% |
Total | 17.4 | 14.6 | 6.9 | 1.3 | -57.9% |
Top Export Markets for Tennis and Badminton Rackets from Sri Lanka in 2022:
- Pakistan (401.0 units)
- Italy (134.0 units)
- Switzerland (32.0 units)
- India (29.0 units)
- Sweden (11.0 units)
- United Arab Emirates (6.0 units)
- Maldives (3.0 units)
This report provides an in-depth analysis of the market for tennis and badminton rackets in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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