ASEAN: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in ASEAN

The ASEAN table-tennis equipment market surged to $X in 2022, growing by 354% against the previous year. In general, consumption, however, recorded significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Table-Tennis Equipment Production in ASEAN

In value terms, table-tennis equipment production dropped slightly to $X in 2022 estimated in export price. The total production indicated moderate growth 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 -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 65%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Table-Tennis Equipment Exports

Exports in ASEAN

In 2022, shipments abroad of articles and equipment for table-tennis decreased by -6.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, table-tennis equipment exports surged to $X in 2022. Overall, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of 186%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore represented the major exporting country with an export of about X tons, which finished at 57% of total exports. It was distantly followed by Thailand (X tons), Indonesia (X tons), Myanmar (X tons), Malaysia (X tons) and Vietnam (X tons), together achieving a 43% share of total exports.

Exports from Singapore decreased at an average annual rate of -1.1% from 2012 to 2022. At the same time, Myanmar (+87.5%) and Vietnam (+44.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +87.5% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (-8.6%) and Malaysia (-11.8%) illustrated a downward trend over the same period. While the share of Myanmar (+7.2 p.p.), Vietnam (+5 p.p.), Singapore (+4.9 p.p.) and Thailand (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-9.6 p.p.) and Indonesia (-9.6 p.p.) displayed negative dynamics.

In value terms, Myanmar ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 89% of total exports.

Myanmar, with a CAGR of +107.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, jumping by 101% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 180%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+10.4%), while the other leaders experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports in ASEAN

In 2022, purchases abroad of articles and equipment for table-tennis decreased by -4.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 28%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, table-tennis equipment imports dropped to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.6% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The purchases of the six major importers of articles and equipment for table-tennis, namely Indonesia, Thailand, Vietnam, Singapore, Malaysia and the Philippines, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. Singapore, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, Vietnam, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, waning by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2017 when the import price increased by 27%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

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 Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform