Lawn-Tennis Balls Price in the Philippines - 2023
Contents:
- Lawn-Tennis Balls Price in the Philippines (FOB) - 2023
- Lawn-Tennis Balls Price in the Philippines (CIF) - 2022
- Lawn-Tennis Balls Exports in the Philippines
- Lawn-Tennis Balls Imports in the Philippines
Lawn-Tennis Balls Price in the Philippines (FOB) - 2023
The average lawn-tennis balls export price stood at $2.0 per unit in July 2023, approximately mirroring the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.6%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 44% m-o-m. Over the period under review, the average export prices hit record highs at $2.1 per unit in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Australia ($2.1 per unit) and the United States ($2.1 per unit), while the average price for exports to Thailand ($1.8 per unit) and Indonesia ($1.8 per unit) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lawn-Tennis Balls Price in the Philippines (CIF) - 2022
In 2022, the average lawn-tennis balls import price amounted to $0.6 per unit, dropping by -60.8% against the previous year. Over the period under review, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 92%. Over the period under review, average import prices hit record highs at $1.5 per unit in 2021, and then declined significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($1 per unit), while the price for China ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Lawn-Tennis Balls Exports in the Philippines
In 2022, approx. 21M units of lawn-tennis ballses were exported from the Philippines; dropping by -13.7% on 2021. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports reached the maximum at 25M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, lawn-tennis balls exports soared to $32M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lawn-Tennis Balls in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.4 | 9.1 | 6.6 | 10.5 | 0.3% |
| United States | 3.7 | 2.4 | 5.0 | 3.7 | 0.0% |
| Germany | 1.2 | 1.0 | 1.5 | 2.5 | 27.7% |
| China | 1.8 | 1.2 | 1.9 | 1.9 | 1.8% |
| Australia | 1.0 | 0.8 | 1.5 | 1.4 | 11.9% |
| United Kingdom | 2.6 | 1.9 | 1.0 | 1.3 | -20.6% |
| Japan | 1.3 | 1.1 | 1.3 | 1.1 | -5.4% |
| Chile | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| South Africa | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Thailand | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| United Arab Emirates | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| Singapore | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Malaysia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 5.5 | 3.0 | 5.2 | 6.7 | 6.8% |
| Total | 28.7 | 21.7 | 25.8 | 31.8 | 3.5% |
Top Export Markets for Lawn-Tennis Balls from the Philippines in 2022:
- Netherlands (5.9M units)
- United States (2.1M units)
- Germany (1.4M units)
- China (1.2M units)
- South Africa (1.1M units)
- Thailand (0.9M units)
- Australia (0.8M units)
- United Kingdom (0.7M units)
- Singapore (0.5M units)
- United Arab Emirates (0.5M units)
- Malaysia (0.4M units)
- Chile (0.4M units)
- Japan (0.4M units)
Lawn-Tennis Balls Imports in the Philippines
In 2022, the amount of lawn-tennis ballses imported into the Philippines surged to 768K units, picking up by 125% against 2021 figures. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lawn-tennis balls imports shrank to $463K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +54.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75%. As a result, imports reached the peak of $524K, and then dropped in the following year.
| Import of Lawn-Tennis Balls in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 94.3 | 186 | 24.8 | 154 | 17.8% |
| Thailand | 78.8 | 79.8 | 104 | 153 | 24.8% |
| China | 24.7 | 23.5 | 22.2 | 110 | 64.5% |
| Malaysia | 56.4 | 8.6 | 13.5 | 25.5 | -23.2% |
| Singapore | 9.5 | N/A | N/A | 10.1 | 2.1% |
| Japan | 39.1 | 0.3 | 1.1 | 5.4 | -48.3% |
| Hong Kong SAR | N/A | 0.7 | 357 | 0.2 | -46.5% |
| Others | 7.4 | 0.1 | 1.2 | 4.9 | -12.8% |
| Total | 310 | 300 | 524 | 463 | 14.3% |
Top Suppliers of Lawn-Tennis Balls to the Philippines in 2022:
- China (401.1K units)
- Thailand (175.7K units)
- Taiwan (Chinese) (148.5K units)
- Singapore (22.8K units)
- Japan (9.5K units)
- Malaysia (8.5K units)
- Hong Kong SAR (0.1K units)
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