Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR - 2023
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR (FOB) - 2023
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR (CIF) - 2023
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for tennis, badminton and similar racquets; whether or not strung amounted to $11.9 per unit, picking up by 3.7% against the previous month. Overall, export price indicated a mild increase from December 2022 to November 2023: its price increased at an average monthly rate of +1.6% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for tennis, badminton and similar racquets; whether or not strung increased by +31.8% against July 2023 indices. The growth pace was the most rapid in June 2023 an increase of 86% month-to-month. As a result, the export price attained the peak level of $18.0 per unit. From July 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Argentina ($36.3 per unit), while the average price for exports to the UK ($4.2 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.9%), 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 Hong Kong SAR (CIF) - 2023
The average import price for tennis, badminton and similar racquets; whether or not strung stood at $15.7 per unit in November 2023, increasing by 55% against the previous month. In general, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in August 2023 when the average import price increased by 235% month-to-month. The import price peaked at $33.5 per unit in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Singapore ($72.7 per unit), while the price for China stood at $6.1 per unit.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Singapore (-0.5%).
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR
In 2022, exports of tennis, badminton and similar racquets; whether or not strung from Hong Kong SAR shrank slightly to 3.7M units, reducing by -3.6% on the previous year. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. The exports peaked at 4M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung rose remarkably to $38M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +85.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 69% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 3.5 | 6.8 | 15.2 | 54.8% |
| India | 4.9 | 4.2 | 6.6 | 6.2 | 8.2% |
| Singapore | 4.3 | 2.0 | 4.0 | 3.9 | -3.2% |
| South Korea | 1.1 | 0.8 | 1.9 | 2.1 | 24.1% |
| Spain | 0.2 | 0.2 | 2.7 | 1.8 | 108.0% |
| United States | 1.4 | 1.1 | 2.2 | 1.2 | -5.0% |
| Canada | 1.1 | 0.7 | 0.7 | 0.9 | -6.5% |
| Netherlands | 0.9 | 1.1 | 0.7 | 0.8 | -3.9% |
| United Kingdom | 2.0 | 1.1 | 0.6 | 0.8 | -26.3% |
| Belgium | 0.3 | 0.3 | 0.4 | 0.8 | 38.7% |
| Australia | 0.4 | 0.3 | 0.8 | 0.6 | 14.5% |
| France | 2.1 | 1.5 | 1.7 | 0.5 | -38.0% |
| Malaysia | 0.3 | 1.0 | 1.4 | N/A | 116.0% |
| Others | 3.0 | 2.8 | 4.4 | 3.4 | 4.3% |
| Total | 26.1 | 20.6 | 34.8 | 38.1 | 13.4% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Hong Kong SAR in 2022:
- China (1264.5K units)
- India (878.3K units)
- Singapore (467.7K units)
- South Korea (336.5K units)
- United States (97.3K units)
- Canada (93.4K units)
- Belgium (79.7K units)
- United Kingdom (75.6K units)
- Australia (58.9K units)
- Spain (56.9K units)
- Netherlands (56.7K units)
- France (50.2K units)
- Malaysia (2.2K units)
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR
In 2022, overseas purchases of tennis, badminton and similar racquets; whether or not strung decreased by -39.5% to 2.2M units, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of 3.6M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung reduced remarkably to $16M in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 43%. Imports peaked at $27M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 10.5 | 17.0 | 10.7 | -12.6% |
| Singapore | 8.8 | 3.3 | 4.6 | 4.1 | -22.5% |
| Japan | 1.7 | 2.7 | 3.1 | 0.9 | -19.1% |
| Taiwan (Chinese) | 0.3 | 0.5 | N/A | N/A | 66.7% |
| Others | 0.3 | 0.9 | 0.9 | 0.4 | 10.1% |
| Total | 27.2 | 17.9 | 25.6 | 16.1 | -16.0% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Hong Kong SAR in 2022:
- China (2064.6K units)
- Singapore (67.2K units)
- Japan (20.0K units)
- Taiwan (Chinese) (3.4K units)
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