Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand (CIF) - 2024
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand (CIF) - 2024
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $5.4 per unit in February 2024, surging by 109% against the previous month. Overall, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Taiwan (Chinese) ($27.2 per unit), while the price for Indonesia ($2.0 per unit) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $5.8 per unit in 2022, picking up by 25% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 67% against the previous year. The export price peaked at $11 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($28 per unit), while the average price for exports to Maldives ($2.5 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 France (+30.3%), 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 Thailand
In 2022, overseas purchases of tennis, badminton and similar racquets; whether or not strung decreased by -10.3% to 2.1M units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. As a result, imports attained the peak of 2.7M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $5.9M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 3.8 | 3.2 | 4.4 | 5.9% |
| Japan | 0.8 | 0.5 | 0.7 | 0.7 | -4.4% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Indonesia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.2 | 5.1 | 4.7 | 5.9 | 4.3% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Thailand in 2022:
- China (1925.6K units)
- Indonesia (83.5K units)
- Japan (49.0K units)
- Taiwan (Chinese) (39.5K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Thailand
In 2022, exports of tennis, badminton and similar racquets; whether or not strung from Thailand soared to 45K units, growing by 43% compared with 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung soared to $279K in 2022. In general, exports posted significant 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 Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 63.2 | 0% |
| Malaysia | 3.0 | 1.7 | 11.9 | 55.4 | 164.3% |
| Myanmar | 13.3 | 17.4 | 9.4 | 53.4 | 58.9% |
| Lao People's Democratic Republic | 74.9 | 71.2 | 49.2 | 41.4 | -17.9% |
| United Arab Emirates | 0.7 | 1.0 | 1.9 | 25.9 | 233.2% |
| Maldives | 0.7 | 0.1 | 47.9 | 23.7 | 223.5% |
| Cambodia | 2.9 | 3.8 | 3.4 | 4.4 | 14.9% |
| Ukraine | 12.8 | 13.5 | 12.4 | 0.3 | -71.4% |
| Others | 27.1 | 19.1 | 14.0 | 11.8 | -24.2% |
| Total | 135 | 128 | 150 | 279 | 27.4% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Thailand in 2022:
- Lao People's Democratic Republic (11.9K units)
- Maldives (9.5K units)
- Myanmar (7.8K units)
- Malaysia (7.4K units)
- China (3.0K units)
- United Arab Emirates (2.2K units)
- Cambodia (1.2K units)
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