Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka - 2022
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $2.7 per unit, with an increase of 12% against the previous year. In general, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2015 an increase of 99%. Over the period under review, average import prices hit record highs at $12 per unit in 2016; however, from 2017 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 Singapore ($33 per unit), while the price for China ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+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 Sri Lanka (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $8.8 per unit, picking up by 34% against the previous year. Overall, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $27 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($9.1 per unit), while the average price for exports to Maldives ($3 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 Kuwait (+61.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka
In 2022, overseas purchases of tennis, badminton and similar racquets; whether or not strung decreased by -64.8% to 113K units, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of 354K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung contracted rapidly to $303K in 2022. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 31%. As a result, imports attained the peak of $772K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 484 | 593 | 544 | 189 | -26.9% |
| Singapore | 83.4 | 130 | 159 | 96.1 | 4.8% |
| India | 16.9 | 20.7 | 37.2 | 11.3 | -12.6% |
| Others | 5.4 | 28.2 | 32.0 | 6.6 | 6.9% |
| Total | 590 | 772 | 772 | 303 | -19.9% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Sri Lanka in 2022:
- China (107.6K units)
- Singapore (2.9K units)
- India (2.2K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka
In 2022, the amount of tennis, badminton and similar racquets; whether or not strung exported from Sri Lanka soared to 2.2K units, jumping by 738% compared with 2021 figures. In general, exports posted 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 surged to $19K in 2022. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 6.0 | N/A | N/A | 13.0 | 29.4% |
| Kuwait | N/A | N/A | 0.2 | 4.8 | 2300.0% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.8 | 0% |
| Maldives | 1.3 | N/A | N/A | 0.3 | -38.7% |
| South Korea | 0.8 | N/A | 1.1 | N/A | 17.3% |
| United Arab Emirates | 3.0 | 8.7 | N/A | N/A | 190.0% |
| Others | 0.3 | 0.4 | 0.8 | 0.4 | 10.1% |
| Total | 11.3 | 9.1 | 2.0 | 19.3 | 19.5% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Sri Lanka in 2022:
- Oman (1427.0 units)
- Kuwait (525.0 units)
- Maldives (112.0 units)
- Cote d'Ivoire (91.0 units)
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