Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria (CIF) - 2022
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $21 per unit in 2022, jumping by 34% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 73%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 the UK ($41 per unit), while the price for India ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+139.4%), 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 Nigeria (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $21 per unit in 2022, dropping by -87.7% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 1,155%. As a result, the export price attained the peak level of $170 per unit, and then shrank significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($63 per unit), while the average price for exports to Kuwait ($12 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 Kenya (+22.9%), 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 Nigeria
In 2022, approx. 176 units of tennis, badminton and similar racquets; whether or not strung were imported into Nigeria; which is down by -38.9% on 2021. Overall, imports showed a dramatic decline. Over the period under review, imports of attained the peak figure at 3.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung plummeted to $3.3K in 2022. Over the period under review, imports saw a dramatic decline. Over the period under review, imports of hit record highs at $39K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.8 | 0.7 | 0.3 | 0.5 | -55.8% |
| Singapore | 4.3 | 3.9 | 1.8 | 0.5 | -51.2% |
| United Kingdom | 0.1 | 0.4 | 0.5 | 0.4 | 58.7% |
| China | 23.9 | 9.5 | 0.5 | 0.4 | -74.4% |
| South Africa | 1.9 | 0.3 | N/A | 0.3 | -46.0% |
| Germany | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Netherlands | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| United Arab Emirates | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Hong Kong SAR | 1.1 | 0.7 | 0.3 | 0.2 | -43.3% |
| Malaysia | N/A | 1.0 | N/A | 0.1 | -68.4% |
| South Korea | N/A | N/A | N/A | 0.1 | 0% |
| India | 0.4 | 0.1 | 0.1 | N/A | -50.0% |
| Others | 0.6 | 1.0 | 0.1 | N/A | -59.2% |
| Total | 38.8 | 18.4 | 4.2 | 3.3 | -56.0% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Nigeria in 2022:
- United States (36.0 units)
- South Africa (23.0 units)
- Singapore (21.0 units)
- India (17.0 units)
- China (16.0 units)
- Netherlands (15.0 units)
- Hong Kong SAR (11.0 units)
- Germany (10.0 units)
- United Kingdom (9.0 units)
- United Arab Emirates (8.0 units)
- Malaysia (3.0 units)
- South Korea (3.0 units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria
In 2022, exports of tennis, badminton and similar racquets; whether or not strung from Nigeria dropped remarkably to 30 units, falling by -50.8% against the year before. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 369%. As a result, the exports reached the peak of 61 units, and then fell notably in the following year.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung dropped rapidly to $712 in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 553%. As a result, the exports reached the peak of $1.4K, and then contracted dramatically in the following year.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 35.0 | 45.0 | 292 | 210 | 81.7% |
| Ghana | 76.0 | 76.0 | 476 | 191 | 36.0% |
| Cote d'Ivoire | 39.0 | 40.0 | 263 | 105 | 39.1% |
| Kuwait | N/A | N/A | N/A | 74.0 | 0% |
| Uganda | 16.0 | 10.0 | 172 | 69.0 | 62.8% |
| Kenya | 3.0 | 6.0 | 156 | 63.0 | 175.9% |
| Others | 3.0 | 31.0 | N/A | N/A | 933.3% |
| Total | 172 | 208 | 1,359 | 712 | 60.6% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Nigeria in 2022:
- Angola (12.0 units)
- Kuwait (6.0 units)
- Ghana (4.0 units)
- Cote d'Ivoire (4.0 units)
- Uganda (3.0 units)
- Kenya (1.0 units)
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