Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore (FOB) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore (CIF) - 2022
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $27 per unit in 2022, with an increase of 27% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 121%. The export price peaked at $28 per unit in 2019; however, from 2020 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 Vietnam ($50 per unit), while the average price for exports to Bangladesh ($14 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 (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $12 per unit, waning by -16.3% against the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. As a result, import price reached the peak level of $15 per unit, and then shrank sharply in the following year.
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 Japan ($26 per unit), while the price for Taiwan (Chinese) ($5.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore
In 2022, the amount of tennis, badminton and similar racquets; whether or not strung exported from Singapore fell markedly to 1,000K units, with a decrease of -20.1% compared with 2021. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, the exports reached the peak of 1.3M units, and then declined markedly in the following year.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung totaled $27M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 90% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 8.2 | 5.4 | 13.1 | 10.8 | 9.6% |
| Indonesia | 1.4 | 1.0 | 1.3 | 4.7 | 49.7% |
| Hong Kong SAR | 9.0 | 3.1 | 4.5 | 4.4 | -21.2% |
| Vietnam | 1.9 | 1.8 | 2.8 | 2.7 | 12.4% |
| India | 1.3 | 1.8 | 3.8 | 2.4 | 22.7% |
| Philippines | 0.5 | 0.1 | 0.2 | 1.1 | 30.1% |
| Bangladesh | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
| Others | 0.7 | 0.7 | 0.8 | 0.9 | 8.7% |
| Total | 23.0 | 14.2 | 26.9 | 27.2 | 5.7% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Singapore in 2022:
- Malaysia (354.5K units)
- Indonesia (175.7K units)
- India (151.8K units)
- Hong Kong SAR (139.0K units)
- Philippines (61.1K units)
- Vietnam (52.6K units)
- Bangladesh (23.0K units)
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore
In 2022, approx. 1.9M units of tennis, badminton and similar racquets; whether or not strung were imported into Singapore; increasing by 29% on the previous year. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Over the period under review, imports of hit record highs 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 rose markedly to $24M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 5.7 | 9.7 | 13.7 | 37.2% |
| Japan | 11.9 | 4.5 | 9.8 | 7.8 | -13.1% |
| Taiwan (Chinese) | 1.5 | 0.7 | 1.7 | 1.3 | -4.7% |
| Vietnam | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Malaysia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 19.3 | 11.3 | 21.8 | 23.5 | 6.8% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Singapore in 2022:
- China (1306.7K units)
- Japan (299.5K units)
- Taiwan (Chinese) (239.4K units)
- Vietnam (40.3K units)
- Malaysia (22.8K units)
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