Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania (CIF) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania (FOB) - 2022
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania (CIF) - 2022
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $5.1 per unit in 2022, shrinking by -43.2% against the previous year. In general, the import price saw a deep downturn. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. The import price peaked at $12 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Latvia ($13 per unit), while the price for Finland ($4.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+1.7%), while the prices for the other major suppliers experienced a decline.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania (FOB) - 2022
In 2022, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $17 per unit, surging by 112% against the previous year. Over the period under review, the export price posted a prominent increase. Over the period under review, the average export prices attained the peak figure at $23 per unit in 2018; however, from 2019 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 the UK ($61 per unit), while the average price for exports to Armenia ($5.8 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 the UK (+46.1%), 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 Lithuania
For the fourth year in a row, Lithuania recorded growth in purchases abroad of tennis, badminton and similar racquets; whether or not strung, which increased by 63% to 92K units in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 127% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung surged to $707K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 64.4 | 91.5 | 210 | 204 | 46.9% |
| Latvia | 23.7 | 27.6 | 37.4 | 204 | 104.9% |
| Netherlands | 35.5 | 39.5 | 67.9 | 86.9 | 34.8% |
| China | 81.2 | 42.9 | 66.9 | 85.6 | 1.8% |
| Germany | 22.2 | 19.4 | 39.0 | 71.9 | 48.0% |
| Finland | N/A | 2.0 | 5.6 | 22.2 | 233.2% |
| Others | 23.0 | 33.8 | 22.2 | 32.7 | 12.4% |
| Total | 250 | 257 | 449 | 707 | 41.4% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Lithuania in 2022:
- Poland (27.9K units)
- Latvia (15.8K units)
- Netherlands (14.6K units)
- Germany (14.5K units)
- China (12.4K units)
- Finland (5.0K units)
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania
In 2022, approx. 17K units of tennis, badminton and similar racquets; whether or not strung were exported from Lithuania; with an increase of 14% compared with the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 152% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung skyrocketed to $286K in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 146% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.7 | 0.6 | N/A | 109 | 438.0% |
| Latvia | 28.5 | 21.9 | 30.3 | 36.9 | 9.0% |
| Armenia | N/A | N/A | N/A | 33.1 | 0% |
| Denmark | 0.8 | 6.2 | 12.5 | 16.3 | 173.1% |
| Germany | 3.0 | 6.8 | 13.8 | 16.3 | 75.8% |
| Russia | 13.6 | 28.6 | 28.8 | 15.7 | 4.9% |
| Estonia | 8.3 | 3.3 | 9.5 | 11.8 | 12.4% |
| Kazakhstan | 4.1 | 2.8 | 4.1 | 11.5 | 41.0% |
| Belarus | 4.6 | 5.7 | 61.4 | 1.8 | -26.9% |
| Others | 8.9 | 2.4 | 32.5 | 33.9 | 56.2% |
| Total | 72.5 | 78.3 | 193 | 286 | 58.0% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Lithuania in 2022:
- Armenia (5.7K units)
- Latvia (4.0K units)
- United Kingdom (1.8K units)
- Estonia (1.7K units)
- Kazakhstan (1.0K units)
- Germany (0.9K units)
- Denmark (0.6K units)
- Russia (0.3K units)
- Belarus (0.1K units)
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