Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in India - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in India (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in India (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in India
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in India
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in India (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $0.3 per unit, shrinking by -33.9% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 77%. Over the period under review, average import prices reached the maximum at $2.8 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($3.1 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 (-15.9%), while the prices for the other major suppliers experienced a decline.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in India (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $6.9 per unit in 2022, surging by 24% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 136% against the previous year. The export price peaked at $8.5 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 the United States ($22 per unit), while the average price for exports to Bangladesh ($0.6 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 the United States (+13.2%), 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 India
After three years of growth, supplies from abroad of tennis, badminton and similar racquets; whether or not strung decreased by -2.4% to 40M units in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 139% against the previous year. As a result, imports attained the peak of 41M units, and then contracted modestly in the following year.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung shrank to $23M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.3% 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 +55.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 76%. As a result, imports reached the peak of $26M, and then fell in the following year.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.2 | 3.9 | 8.8 | 9.8 | 6.1% |
| China | 7.8 | 6.5 | 10.6 | 9.0 | 4.9% |
| Others | 2.9 | 4.2 | 6.3 | 4.0 | 11.3% |
| Total | 19.0 | 14.7 | 25.8 | 22.8 | 6.3% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to India in 2022:
- China (35.5M units)
- Japan (3.2M units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in India
After two years of decline, overseas shipments of tennis, badminton and similar racquets; whether or not strung increased by 93% to 224K units in 2022. Overall, exports, however, saw a deep setback. The exports peaked at 433K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung surged to $1.2M in 2022. Over the period under review, exports, however, continue to indicate a sharp decrease. The exports peaked at $2.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 106 | 54.6 | 380 | 620 | 80.2% |
| United Kingdom | 11.5 | 1.8 | N/A | 227 | 170.3% |
| United Arab Emirates | 1,972 | 60.7 | 27.0 | 95.8 | -63.5% |
| Nepal | 97.7 | 160 | 80.1 | 68.6 | -11.1% |
| Bhutan | 2.1 | 25.6 | 30.1 | 27.0 | 134.3% |
| Canada | 0.6 | 6.4 | 5.4 | 25.0 | 246.7% |
| Bangladesh | 17.1 | 4.0 | 11.3 | 12.0 | -11.1% |
| Hong Kong SAR | 332 | N/A | N/A | N/A | 0% |
| Others | 51.8 | 63.7 | 103 | 126 | 34.5% |
| Total | 2,590 | 377 | 637 | 1,202 | -22.6% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from India in 2022:
- Nepal (70.0K units)
- United Kingdom (61.4K units)
- United States (28.8K units)
- Bangladesh (21.0K units)
- United Arab Emirates (12.3K units)
- Canada (10.6K units)
- Bhutan (3.7K units)
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