Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $21 per unit, picking up by 34% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +125.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Pakistan ($21 per unit) and the United States ($21 per unit), while the price for Hong Kong SAR ($21 per unit) and Portugal ($21 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+35.0%), 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 Panama (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $14 per unit in 2022, increasing by 69% against the previous year. Over the period under review, the export price recorded perceptible growth. The pace of growth was the most pronounced in 2016 an increase of 75%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($31 per unit), while the average price for exports to Guyana ($3.2 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 Brazil (+89.3%), 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 Panama
In 2022, overseas purchases of tennis, badminton and similar racquets; whether or not strung increased by 19% to 27K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a sharp descent. Imports peaked at 76K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $574K in 2022. Over the period under review, imports, however, faced a abrupt decline. Over the period under review, imports of reached the maximum at $887K 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 Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 256 | 138 | 224 | 213 | -5.9% |
| China | 228 | 340 | 26.0 | 143 | -14.4% |
| Spain | 5.0 | 11.1 | 72.6 | 128 | 194.7% |
| United States | 19.1 | 8.0 | 22.6 | 31.2 | 17.8% |
| Pakistan | 1.3 | N/A | 0.3 | 24.3 | 165.4% |
| Portugal | N/A | N/A | 2.0 | 23.3 | 1065.0% |
| Vietnam | 360 | 191 | N/A | N/A | -46.9% |
| Others | 17.7 | 6.8 | 11.2 | 11.6 | -13.1% |
| Total | 887 | 695 | 359 | 574 | -13.5% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Panama in 2022:
- Free Zones (10.2K units)
- China (6.8K units)
- Spain (6.1K units)
- United States (1.5K units)
- Pakistan (1.2K units)
- Portugal (1.1K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama
In 2022, approx. 1.9K units of tennis, badminton and similar racquets; whether or not strung were exported from Panama; with a decrease of -23.6% on the previous year's figure. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1.3%. The exports peaked at 3.2K 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 $27K in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. The exports peaked at $40K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 25.6 | 4.9 | 2.2 | 10.5 | -25.7% |
| Netherlands | N/A | N/A | N/A | 5.1 | 0% |
| Bermuda | 0.1 | 1.7 | 1.6 | 3.5 | 227.1% |
| Jamaica | 4.1 | 4.4 | 1.1 | 3.4 | -6.0% |
| Suriname | N/A | N/A | N/A | 2.3 | 0% |
| Chile | 0.1 | 0.2 | N/A | 0.9 | 108.0% |
| Guyana | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Belize | N/A | N/A | 6.8 | N/A | 0% |
| Guatemala | 6.5 | 0.2 | 2.9 | N/A | -33.2% |
| Brazil | N/A | 0.4 | 1.0 | N/A | 150.0% |
| Others | 3.8 | 1.0 | 4.5 | 0.4 | -52.8% |
| Total | 40.2 | 12.8 | 20.3 | 26.8 | -12.6% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Panama in 2022:
- Trinidad and Tobago (594.0 units)
- Jamaica (555.0 units)
- Guyana (227.0 units)
- Bermuda (183.0 units)
- Netherlands (163.0 units)
- Suriname (152.0 units)
- Chile (33.0 units)
- Belize (4.0 units)
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