Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea - 2022
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $5 per unit, rising by 22% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 31%. The import price peaked at $13 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($5 per unit) and Japan ($5 per unit), while the price for China ($5 per unit) and Taiwan (Chinese) ($5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-6.3%), while the prices for the other major suppliers experienced a decline.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $22 per unit, rising by 25% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tennis, badminton and similar racquets; whether or not strung decreased by -2.8% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $23 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($38 per unit), while the average price for exports to Sweden ($14 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 Vietnam (+17.7%), 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 South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of tennis, badminton and similar racquets; whether or not strung, which increased by 8.7% to 3M units in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 177%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $15M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 5.1 | 9.5 | 11.3 | 13.2% |
| Japan | 1.7 | 1.6 | 0.7 | 1.8 | 1.9% |
| Taiwan (Chinese) | 1.7 | 0.9 | 0.6 | 1.5 | -4.1% |
| Vietnam | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Others | 0.4 | 0.5 | 0.4 | 0.2 | -20.6% |
| Total | 11.9 | 8.2 | 11.4 | 15.2 | 8.5% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to South Korea in 2022:
- China (2243.2K units)
- Japan (352.2K units)
- Taiwan (Chinese) (303.2K units)
- Vietnam (86.4K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in South Korea
In 2022, the amount of tennis, badminton and similar racquets; whether or not strung exported from South Korea reduced notably to 2.5K units, waning by -52.4% on 2021 figures. Overall, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. Over the period under review, the exports of attained the maximum at 6.6K 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 reduced rapidly to $56K in 2022. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. The exports peaked at $100K 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 10.1 | 63.2 | 25.7 | 249.9% |
| Vietnam | 87.3 | 3.6 | 8.0 | 17.7 | -41.3% |
| Cambodia | N/A | N/A | N/A | 5.1 | 0% |
| Israel | 0.1 | 0.3 | 0.5 | 2.4 | 188.4% |
| Slovenia | N/A | N/A | 0.9 | 1.5 | 66.7% |
| Hong Kong SAR | N/A | N/A | 5.3 | 1.3 | -75.5% |
| Taiwan (Chinese) | 8.5 | 7.5 | N/A | 0.2 | -71.3% |
| Singapore | 0.1 | 39.5 | N/A | 0.2 | 26.0% |
| Nepal | N/A | N/A | 11.5 | N/A | 0% |
| Others | 3.6 | 4.9 | 2.2 | 1.7 | -22.1% |
| Total | 100 | 65.8 | 91.6 | 55.8 | -17.7% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from South Korea in 2022:
- United States (1417.0 units)
- Vietnam (464.0 units)
- Cambodia (284.0 units)
- Israel (133.0 units)
- Slovenia (82.0 units)
- Hong Kong SAR (71.0 units)
- Taiwan (Chinese) (10.0 units)
- Singapore (10.0 units)
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