Argentina: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Argentina

In 2022, the Argentinian tennis and badminton rackets market decreased by -51.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Argentina

In 2022, shipments abroad of tennis, badminton or similar rackets was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic contraction. The growth pace was the most rapid in 2019 with an increase of 360% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports surged to $X in 2022. Over the period under review, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2019 when exports increased by 145%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for tennis and badminton rackets exports from Argentina, accounting for a 33% share of total exports. Moreover, tennis and badminton rackets exports to Spain exceeded the volume sent to the second major destination, Peru (X units), threefold. Chile (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled -28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-9.4% per year) and Chile (-4.7% per year).

In value terms, Spain ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from Argentina, comprising 36% of total exports. The second position in the ranking was taken by Peru ($X), with a 5.7% share of total exports. It was followed by the Netherlands, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to -34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-13.2% per year) and the Netherlands (-26.4% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, declining by -29.5% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 23% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Peru ($X 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 Chile (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Argentina

In 2022, after two years of growth, there was significant decline in purchases abroad of tennis, badminton or similar rackets, when their volume decreased by -59.9% to X units. Over the period under review, imports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 395% against the previous year. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, tennis and badminton rackets imports declined notably to $X in 2022. In general, imports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 394% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest tennis and badminton rackets supplier to Argentina, accounting for a 79% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), eightfold. Myanmar (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+17.1% per year) and Myanmar (+51.1% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Argentina, comprising 80% of total imports. The second position in the ranking was held by Pakistan ($X), with a 5.5% share of total imports. It was followed by Japan, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+17.6% per year) and Japan (+12.1% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, jumping by 30% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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