Asia: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Asia

In 2022, the Asian table-tennis equipment market decreased by -76.1% to $X, falling for the second year in a row after seven years of growth. Over the period under review, consumption saw a abrupt descent. 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 Asia

In value terms, table-tennis equipment production rose sharply to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 44%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Table-Tennis Equipment Exports

Exports in Asia

In 2022, approx. X tons of articles and equipment for table-tennis were exported in Asia; falling by -25.7% on 2021. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 -34.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, table-tennis equipment exports expanded modestly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 92% of total exports in 2022. India (X tons) took a minor share of total exports.

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 (+25.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.3% from 2012-2022. While the share of India (+2.8 p.p.) and China (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest table-tennis equipment supplier in Asia, comprising 77% of total exports. The second position in the ranking was held by India ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +5.4%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, jumping by 37% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%).

Table-Tennis Equipment Imports

Imports in Asia

Table-tennis equipment imports stood at X tons in 2022, leveling off at 2021 figures. In general, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 when imports increased by 11%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, table-tennis equipment imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Japan (X tons), Indonesia (X tons), South Korea (X tons), Thailand (X tons), Vietnam (X tons), Israel (X tons), Singapore (X tons), Hong Kong SAR (X tons), Turkey (X tons), Malaysia (X tons), India (X tons) and the United Arab Emirates (X tons) represented roughly 81% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, with a combined 40% share of total imports. Thailand, Indonesia, Malaysia, the United Arab Emirates, Singapore, Turkey, Vietnam, Israel and India lagged somewhat behind, together accounting for a further 28%.

Vietnam, with a CAGR of +19.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Asia stood at $X per ton in 2022, increasing by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 when the import price increased by 21% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Indonesia ($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

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