Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam - 2022
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam (CIF) - 2022
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $5 per unit in 2022, picking up by 11% against the previous year. In general, the import price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $12 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -7.7% per year.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $12 per unit in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2019 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum at $14 per unit in 2014; however, from 2015 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 Germany ($21 per unit), while the average price for exports to Singapore ($6.6 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of tennis, badminton and similar racquets; whether or not strung, when their volume decreased by -16.9% to 4.2M units. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,391% against the previous year. Over the period under review, imports of hit record highs at 5.1M units in 2021, and then plummeted in the following year.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung declined to $21M in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 934% against the previous year. As a result, imports reached the peak of $25M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 22.8 | 19.8 | 17.9 | 107.6% |
| Others | 0.4 | 2.4 | 3.2 | 3.4 | 104.1% |
| Total | 2.4 | 25.1 | 22.9 | 21.3 | 107.0% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Vietnam in 2022:
- China (4.1M units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam
Exports of tennis, badminton and similar racquets; whether or not strung from Vietnam skyrocketed to 324K units in 2022, rising by 73% against 2021. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 95%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung soared to $3.8M in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 402 | 471 | 732 | 1,949 | 69.2% |
| India | 114 | 111 | 530 | 515 | 65.3% |
| South Korea | 345 | 86.9 | 175 | 403 | 5.3% |
| Singapore | 4.7 | 6.6 | 169 | 262 | 282.0% |
| Indonesia | 557 | 0.3 | 1.5 | 247 | -23.7% |
| Thailand | 116 | 97.5 | 63.9 | N/A | -25.8% |
| Panama | 360 | 191 | N/A | N/A | -46.9% |
| Others | 195 | 107 | 228 | 376 | 24.5% |
| Total | 2,094 | 1,071 | 1,900 | 3,752 | 21.5% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Vietnam in 2022:
- Malaysia (174.3K units)
- India (58.5K units)
- Singapore (39.9K units)
- South Korea (23.2K units)
- Indonesia (11.8K units)
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