Lawn-Tennis Balls Price in Canada - 2023
Contents:
- Lawn-Tennis Balls Price in Canada (CIF) - 2023
- Lawn-Tennis Balls Price in Canada (FOB) - 2022
- Lawn-Tennis Balls Imports in Canada
- Lawn-Tennis Balls Exports in Canada
Lawn-Tennis Balls Price in Canada (CIF) - 2023
In September 2023, the average lawn-tennis balls import price amounted to $979 per thousand units, which is down by -13% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 250% month-to-month. As a result, import price attained the peak level of $2.0 per unit. From December 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($8.9 per unit), while the price for China ($705 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+24.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Lawn-Tennis Balls Price in Canada (FOB) - 2022
The average lawn-tennis balls export price stood at $1.2 per unit in 2022, rising by 33% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1.4 per unit), while the average price for exports to El Salvador ($0.5 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 the United States (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Lawn-Tennis Balls Imports in Canada
In 2022, imports of lawn-tennis ballses into Canada contracted slightly to 8.6M units, which is down by -3.5% compared with the previous year. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 103%. As a result, imports attained the peak of 8.9M units, and then declined modestly in the following year.
In value terms, lawn-tennis balls imports rose remarkably to $6.4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Lawn-Tennis Balls in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 2.4 | 3.7 | 4.1 | 12.2% |
| Thailand | 1.5 | 1.3 | 1.7 | 1.5 | 0.0% |
| Philippines | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Others | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Total | 4.6 | 4.1 | 5.9 | 6.4 | 11.6% |
Top Suppliers of Lawn-Tennis Balls to Canada in 2022:
- China (6.5M units)
- Thailand (1.9M units)
- Philippines (0.2M units)
Lawn-Tennis Balls Exports in Canada
After three years of growth, overseas shipments of lawn-tennis ballses decreased by -9.4% to 89K units in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 386% against the previous year. The exports peaked at 99K units in 2021, and then reduced in the following year.
In value terms, lawn-tennis balls exports skyrocketed to $110K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 368%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Lawn-Tennis Balls in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 43.9 | 84.6 | 97.5 | 150.5% |
| Colombia | N/A | N/A | N/A | 3.9 | 0% |
| Guatemala | N/A | N/A | 2.8 | 2.9 | 3.6% |
| Saint Kitts and Nevis | N/A | N/A | N/A | 2.7 | 0% |
| Peru | N/A | N/A | 0.3 | 1.4 | 366.7% |
| El Salvador | N/A | N/A | 3.3 | 0.8 | -75.8% |
| Others | 3.2 | N/A | N/A | 0.3 | -54.6% |
| Total | 9.4 | 43.9 | 91.1 | 110 | 127.0% |
Top Export Markets for Lawn-Tennis Balls from Canada in 2022:
- United States (67.7K units)
- Colombia (7.0K units)
- Guatemala (5.2K units)
- Saint Kitts and Nevis (5.0K units)
- Peru (2.5K units)
- El Salvador (1.4K units)
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