Table-Tennis Equipment Market

The article provides a detailed analysis of the table-tennis equipment market, forecasting an upward consumption trend over the next eight years. Market performance is expected to accelerate with a CAGR of +2.8% in volume and +17.8% in value from 2022 to 2030. Consumption, production, imports, and exports data is presented, highlighting key countries such as China, India, the United States, Germany, and more. The trends in consumption, production, import prices, export prices, and growth rates are explored, providing valuable insights into the global table-tennis equipment industry.

Market Forecast

Driven by increasing demand for articles and equipment for table-tennis worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 189K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +17.8% for the period from 2022 to 2030, which is projected to bring the market value to $3.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Articles And Equipment For Table-Tennis

After five years of growth, consumption of articles and equipment for table-tennis decreased by -37.6% to 151K tons in 2022. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the peak volume at 242K tons in 2021, and then contracted sharply in the following year.

The global table-tennis equipment market revenue contracted notably to $964M in 2022, waning by -74.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt setback. Global consumption peaked at $3.7B in 2021, and then declined dramatically in the following year.

Consumption By Country

China (44K tons) constituted the country with the largest volume of table-tennis equipment consumption, comprising approx. 29% of total volume. Moreover, table-tennis equipment consumption in China exceeded the figures recorded by the second-largest consumer, India (19K tons), twofold. The United States (15K tons) ranked third in terms of total consumption with a 9.7% share.

In China, table-tennis equipment consumption expanded at an average annual rate of +4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.4% per year) and the United States (+3.1% per year).

In value terms, the largest table-tennis equipment markets worldwide were China ($165M), Pakistan ($133M) and India ($90M), with a combined 40% share of the global market. Germany, the United States, France, Malaysia, Myanmar, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 22%.

Among the main consuming countries, Malaysia, with a CAGR of +29.7%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of table-tennis equipment per capita consumption in 2022 were Germany (147 kg per 1000 persons), France (118 kg per 1000 persons) and Malaysia (97 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +32.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Articles And Equipment For Table-Tennis

In 2022, after five years of growth, there was significant decline in production of articles and equipment for table-tennis, when its volume decreased by -37.9% to 151K tons. In general, the total production indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 28% against the previous year. Over the period under review, global production hit record highs at 243K tons in 2021, and then contracted markedly in the following year.

In value terms, table-tennis equipment production stood at $3.7B in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. As a result, production reached the peak level of $4B. From 2021 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of table-tennis equipment production was China (82K tons), comprising approx. 54% of total volume. Moreover, table-tennis equipment production in China exceeded the figures recorded by the second-largest producer, India (20K tons), fourfold. Germany (15K tons) ranked third in terms of total production with a 10% share.

In China, table-tennis equipment production increased at an average annual rate of +3.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+4.9% per year) and Germany (+2.2% per year).

Imports

World Imports of Articles And Equipment For Table-Tennis

After three years of growth, purchases abroad of articles and equipment for table-tennis decreased by -23.9% to 66K tons in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, global imports hit record highs at 87K tons in 2021, and then fell remarkably in the following year.

In value terms, table-tennis equipment imports shrank to $384M in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $417M, and then shrank in the following year.

Imports By Country

The United States represented the largest importing country with an import of about 15K tons, which resulted at 22% of total imports. France (4.5K tons) took the second position in the ranking, followed by Spain (3.4K tons), Malaysia (3.3K tons) and Germany (3.1K tons). All these countries together took approx. 21% share of total imports. The following importers - the UK (2.9K tons), Belgium (2.1K tons), Sweden (1.5K tons), Japan (1.5K tons), South Korea (1.4K tons), Italy (1.4K tons), Chile (1.4K tons) and Indonesia (1.3K tons) - together made up 21% of total imports.

From 2012 to 2022, average annual rates of growth with regard to table-tennis equipment imports into the United States stood at +2.8%. At the same time, Malaysia (+28.8%), Germany (+9.2%), Spain (+7.7%), Sweden (+6.9%), France (+5.7%), Chile (+5.6%), Belgium (+3.1%) and the UK (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +28.8% from 2012-2022. South Korea and Japan experienced a relatively flat trend pattern. By contrast, Italy (-2.3%) and Indonesia (-5.6%) illustrated a downward trend over the same period. While the share of Malaysia (+4.5 p.p.), Germany (+2.3 p.p.), the United States (+2.2 p.p.), Spain (+2.2 p.p.) and France (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Indonesia (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($49M), Germany ($32M) and France ($25M) constituted the countries with the highest levels of imports in 2022, with a combined 28% share of global imports. Japan, South Korea, Spain, the UK, Belgium, Sweden, Malaysia, Italy, Indonesia and Chile lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Malaysia, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average table-tennis equipment import price stood at $5,807 per ton in 2022, increasing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. Global import price peaked at $6,098 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($13,264 per ton), while Malaysia ($2,574 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Articles And Equipment For Table-Tennis

Global table-tennis equipment exports dropped sharply to 66K tons in 2022, waning by -24.8% against 2021 figures. Overall, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.2% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 95K tons. From 2021 to 2022, the growth of the global exports remained at a lower figure.

In value terms, table-tennis equipment exports shrank to $397M in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2016 indices. The growth pace was the most rapid in 2020 when exports increased by 33%. Over the period under review, the global exports attained the peak figure at $427M in 2021, and then dropped in the following year.

Exports By Country

China dominates exports structure, amounting to 38K tons, which was near 58% of total exports in 2022. Germany (6.1K tons) held a 9.3% share (based on physical terms) of total exports, which put it in second place, followed by France (7%) and Portugal (5.2%). Italy (2.6K tons), Spain (2.1K tons), Belgium (2K tons) and India (1.2K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to table-tennis equipment exports from China stood at +1.7%. At the same time, India (+23.5%), Italy (+17.3%), Portugal (+16.8%), Belgium (+5.9%) and Spain (+3.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.5% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Germany (-4.7%) illustrated a downward trend over the same period. Portugal (+4 p.p.), China (+3.1 p.p.), Italy (+3.1 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -7.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($192M) remains the largest table-tennis equipment supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by Germany ($41M), with a 10% share of global exports. It was followed by France, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.4%. In the other countries, the average annual rates were as follows: Germany (+0.2% per year) and France (+1.5% per year).

Export Prices By Country

The average table-tennis equipment export price stood at $6,006 per ton in 2022, increasing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($6,622 per ton), while Italy ($3,678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform