Vietnam - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tennis and Badminton Rackets in Vietnam - 2021
Contents:
- Price for Tennis and Badminton Rackets in Vietnam (CIF) - 2021
- Price for Tennis and Badminton Rackets in Vietnam (FOB) - 2022
- Imports of Tennis and Badminton Rackets in Vietnam
- Exports of Tennis and Badminton Rackets in Vietnam
Price for Tennis and Badminton Rackets in Vietnam (CIF) - 2021
In December 2021, the average tennis and badminton rackets import price amounted to $10.5 per unit, increasing by 13% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2021 when the average import price increased by 18% month-to-month. As a result, import price attained the peak level of $11.4 per unit. From February 2021 to December 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was Taiwan (Chinese) ($10.6 per unit), while the price for Japan ($9.5 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tennis and Badminton Rackets in Vietnam (FOB) - 2022
The average tennis and badminton rackets export price stood at $8 per unit in 2022, with an increase of 3.6% against the previous year. Overall, the export price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 4.5% against the previous year. The export price peaked at $17 per unit in 2012; however, from 2013 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 Japan ($22 per unit), while the average price for exports to Singapore ($5.4 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 Indonesia (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis and Badminton Rackets in Vietnam
For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of tennis, badminton or similar rackets, which increased by 75% to 4.2M units in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 484%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, tennis and badminton rackets imports shrank to $21M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 271%. Over the period under review, imports attained the peak figure at $24M in 2021, and then fell in the following year.
| Import of Tennis and Badminton Rackets in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 21.1 | 0% |
| China | 3.1 | 12.1 | 21.4 | N/A | 162.7% |
| Japan | 0.4 | 1.4 | 1.7 | N/A | 106.2% |
| Others | 0.3 | 0.6 | 1.3 | N/A | 108.2% |
| Total | 3.8 | 14.0 | 24.3 | 21.1 | 77.1% |
Top Suppliers of Tennis and Badminton Rackets to Vietnam in 2022:
- Myanmar (4.2M units)
Exports of Tennis and Badminton Rackets in Vietnam
Tennis and badminton rackets exports from Vietnam dropped markedly to 196K units in 2022, falling by -46% on the previous year. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 93%. As a result, the exports reached the peak of 362K units, and then dropped significantly in the following year.
In value terms, tennis and badminton rackets exports dropped rapidly to $1.6M in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. As a result, the exports attained the peak of $2.8M, and then fell sharply in the following year.
| Export of Tennis and Badminton Rackets in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 114 | 91.8 | 403 | 515 | 65.3% |
| Singapore | 74.7 | 103 | 298 | 287 | 56.6% |
| Australia | N/A | 1.2 | 2.0 | 205 | 1207.0% |
| United States | N/A | 529 | 1,070 | 120 | -52.4% |
| Germany | 297 | 45.4 | 9.3 | 120 | -26.1% |
| United Kingdom | 32.7 | 16.5 | 39.2 | 87.2 | 38.7% |
| South Korea | 345 | 71.9 | 134 | N/A | -37.7% |
| Thailand | 116 | 80.4 | 49.1 | N/A | -34.9% |
| Malaysia | 436 | 394 | 557 | N/A | 13.0% |
| Indonesia | 557 | 0.3 | 1.4 | N/A | -95.0% |
| Panama | 360 | 157 | N/A | N/A | -56.4% |
| Others | 239 | 137 | 241 | 234 | -0.7% |
| Total | 2,572 | 1,627 | 2,803 | 1,568 | -15.2% |
Top Export Markets for Tennis and Badminton Rackets from Vietnam in 2022:
- India (69.9K units)
- Singapore (53.5K units)
- Australia (29.0K units)
- United States (16.0K units)
- Germany (7.7K units)
- United Kingdom (5.9K units)
This report provides an in-depth analysis of the market for tennis and badminton rackets in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301560 - Tennis, badminton or similar rackets, whether or not strung
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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