Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK (CIF) - 2022
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $21 per unit in 2022, with an increase of 31% against the previous year. Overall, the import price posted a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($21 per unit) and Germany ($21 per unit), while the price for France ($21 per unit) and India ($21 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $6 per unit, waning by -60.3% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 266% against the previous year. The export price peaked at $24 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($15 per unit), while the average price for exports to Spain ($6 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 Kuwait (+3.1%), while the prices for the other major destinations experienced a decline.
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK
In 2022, after two years of decline, there was significant growth in supplies from abroad of tennis, badminton and similar racquets; whether or not strung, when their volume increased by 11% to 628K units. Overall, imports, however, faced a abrupt shrinkage. Over the period under review, imports of attained the peak figure at 1.1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $13M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 6.1 | 4.5 | 10.7 | 11.1% |
| Taiwan (Chinese) | 0.7 | 0.2 | 0.3 | 0.6 | -5.0% |
| Japan | 0.6 | 0.2 | 0.2 | 0.5 | -5.9% |
| Pakistan | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| India | N/A | N/A | N/A | 0.2 | 0% |
| United States | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Spain | 0.4 | 0.6 | 0.4 | 0.1 | -37.0% |
| Germany | 1.4 | 1.4 | 0.5 | N/A | -40.2% |
| Belgium | 0.1 | 0.3 | 0.3 | N/A | 73.2% |
| Hong Kong SAR | 0.7 | 0.5 | N/A | N/A | -28.6% |
| France | 1.0 | 1.0 | 1.7 | N/A | 30.4% |
| Others | 0.3 | 0.8 | 0.8 | 0.4 | 10.1% |
| Total | 13.3 | 11.4 | 9.1 | 13.1 | -0.5% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to the UK in 2022:
- China (513.1K units)
- Taiwan (Chinese) (27.4K units)
- Japan (25.2K units)
- Pakistan (15.9K units)
- India (10.8K units)
- United States (9.6K units)
- Spain (6.2K units)
- Germany (1.6K units)
- Hong Kong SAR (0.4K units)
- France (0.3K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK
In 2022, overseas shipments of tennis, badminton and similar racquets; whether or not strung increased by 142% to 171K units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a perceptible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung amounted to $1.2M in 2022. Overall, exports, however, continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 27%. As a result, the exports attained the peak of $3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 40.0 | 366 | 32.7 | 277 | 90.6% |
| Singapore | N/A | N/A | N/A | 206 | 0% |
| Ireland | 295 | 415 | 93.7 | 157 | -19.0% |
| Kuwait | N/A | 1.9 | 19.2 | 83.2 | 561.7% |
| Poland | 123 | 217 | 32.9 | 67.7 | -18.0% |
| Germany | 244 | 497 | 55.9 | 58.9 | -37.7% |
| France | 209 | 157 | 51.4 | 49.3 | -38.2% |
| India | 20.7 | N/A | 35.9 | 47.9 | 32.3% |
| Netherlands | 58.9 | 51.4 | 220 | 47.6 | -6.9% |
| Finland | 53.0 | 68.2 | 52.5 | 27.3 | -19.8% |
| Moldova | N/A | N/A | N/A | 15.6 | 0% |
| Czech Republic | 19.4 | 344 | 8.5 | 8.1 | -25.3% |
| Spain | 189 | 289 | 32.1 | 1.2 | -81.5% |
| Others | 1,140 | 639 | 458 | 169 | -47.1% |
| Total | 2,393 | 3,046 | 1,092 | 1,216 | -20.2% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from the UK in 2022:
- Singapore (34.5K units)
- Ireland (26.4K units)
- United Arab Emirates (26.0K units)
- Poland (11.3K units)
- Germany (9.9K units)
- France (8.3K units)
- Netherlands (8.0K units)
- India (8.0K units)
- Kuwait (5.5K units)
- Finland (4.6K units)
- Moldova (2.6K units)
- Czech Republic (1.4K units)
- Spain (0.2K units)
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