Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $14 per unit, increasing by 56% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tennis, badminton and similar racquets; whether or not strung increased by +148.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($17 per unit), while the price for Sweden ($6.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.4%), 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 Latvia (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $7.9 per unit in 2022, reducing by -69.8% against the previous year. In general, the export price recorded a slight descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 55% against the previous year. The export price peaked at $26 per unit in 2021, and then dropped significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($76 per unit), while the average price for exports to France ($8.1 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 Russia (+32.3%), 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 Latvia
For the fourth consecutive year, Latvia recorded growth in supplies from abroad of tennis, badminton and similar racquets; whether or not strung, which increased by 46% to 36K units in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 235%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung soared to $422K in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 140% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.1 | 40.7 | 27.8 | 102 | 155.7% |
| Lithuania | 23.2 | 22.8 | 36.6 | 79.9 | 51.0% |
| Poland | 7.3 | 11.5 | 34.9 | 66.7 | 109.1% |
| Sweden | 18.5 | 24.5 | 31.4 | 32.0 | 20.0% |
| United States | N/A | 0.5 | 6.2 | 28.0 | 648.3% |
| China | 11.6 | 19.2 | 40.2 | 27.2 | 32.9% |
| Netherlands | 6.0 | 4.7 | 10.7 | 16.6 | 40.4% |
| Finland | N/A | 45.5 | 0.3 | 0.2 | -93.4% |
| Others | 4.9 | 16.9 | 18.8 | 68.8 | 141.2% |
| Total | 77.6 | 186 | 207 | 422 | 75.9% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Latvia in 2022:
- Germany (8.0K units)
- Poland (5.7K units)
- Sweden (5.0K units)
- Lithuania (4.8K units)
- China (3.3K units)
- United States (3.2K units)
- Netherlands (2.4K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia
Exports of tennis, badminton and similar racquets; whether or not strung from Latvia surged to 8.9K units in 2022, picking up by 185% compared with 2021 figures. In general, exports enjoyed significant growth. As a result, the exports reached 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 skyrocketed to $114K in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 240%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 5.2 | 20.6 | 32.4 | 52.5 | 116.1% |
| Lithuania | 9.9 | 10.4 | 9.2 | 44.1 | 64.5% |
| Russia | N/A | 19.4 | 1.5 | 5.8 | -45.3% |
| Netherlands | N/A | N/A | N/A | 3.1 | 0% |
| France | N/A | N/A | N/A | 1.2 | 0% |
| United States | N/A | N/A | 14.4 | N/A | 0% |
| Georgia | N/A | 1.1 | 1.1 | N/A | 0.0% |
| Others | N/A | 0.2 | N/A | 7.3 | 504.2% |
| Total | 15.2 | 51.6 | 58.6 | 114 | 95.7% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Latvia in 2022:
- Estonia (4.1K units)
- Lithuania (3.9K units)
- Netherlands (0.3K units)
- France (0.1K units)
- Russia (0.1K units)
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