Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States (CIF) - 2024
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States (CIF) - 2024
In February 2024, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $5.6 per unit, dropping by -8.4% against the previous month. Overall, the import price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in May 2023 an increase of 61% m-o-m. Over the period under review, average import prices reached the maximum at $9.8 per unit in July 2023; however, from August 2023 to February 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was China ($5.8 per unit), while the price for Japan ($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 (+4.8%), 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 the United States (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $130 per unit in 2022, growing by 39% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 161% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($205 per unit), while the average price for exports to Canada ($16 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 Japan (+36.0%), 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 the United States
For the fourth year in a row, the United States recorded growth in supplies from abroad of tennis, badminton and similar racquets; whether or not strung, which increased by 26% to 12M units in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $49M in 2022. In general, imports enjoyed a significant expansion. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.0 | 20.9 | 27.6 | 41.9 | 35.1% |
| Taiwan (Chinese) | 1.5 | 1.3 | 1.7 | 2.2 | 13.6% |
| Japan | 0.5 | 0.4 | 1.1 | 1.4 | 40.9% |
| Others | 2.6 | 2.2 | 2.2 | 3.4 | 9.4% |
| Total | 21.6 | 24.8 | 32.6 | 48.8 | 31.2% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to the United States in 2022:
- China (10.7M units)
- Japan (0.6M units)
- Taiwan (Chinese) (0.6M units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States
In 2022, shipments abroad of tennis, badminton and similar racquets; whether or not strung decreased by -56.9% to 646K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 136% against the previous year. As a result, the exports reached the peak of 1.5M units, and then dropped rapidly in the following year.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung declined notably to $26M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 236%. As a result, the exports attained the peak of $45M, and then dropped sharply in the following year.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 6.7 | 12.2 | 43.0 | 22.2 | 49.1% |
| China | N/A | N/A | N/A | 1.9 | 0% |
| Canada | 0.5 | 0.7 | 1.0 | 1.1 | 30.1% |
| Others | 1.0 | 0.5 | 0.6 | 1.0 | 0.0% |
| Total | 8.2 | 13.3 | 44.6 | 26.2 | 47.3% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from the United States in 2022:
- Mexico (519.4K units)
- Canada (69.0K units)
- China (35.7K units)
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