Australia: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Australia

For the third year in a row, the Australian tennis and badminton rackets market recorded growth in sales value, which increased by 1.5% to $X in 2022. Over the period under review, the total consumption indicated a moderate increase 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, consumption increased by +54.9% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Australia

In 2022, the amount of tennis, badminton or similar rackets exported from Australia dropped markedly to X units, reducing by -43.5% on 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1,297%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, tennis and badminton rackets exports shrank significantly to $X in 2022. Overall, exports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,378%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

New Zealand (X units), China (X units) and Fiji (X units) were the main destinations of tennis and badminton rackets exports from Australia, together accounting for 90% of total exports. French Polynesia, the United Arab Emirates and Malaysia lagged somewhat behind, together comprising a further 7.4%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), China ($X) and Fiji ($X) appeared to be the largest markets for tennis and badminton rackets exported from Australia worldwide, with a combined 86% share of total exports. Malaysia, French Polynesia and the United Arab Emirates lagged somewhat behind, together comprising a further 9.5%.

The United Arab Emirates, with a CAGR of +31.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, increasing by 5% against the previous year. Over the period under review, the export price continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2013 an increase of 102% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to French Polynesia ($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 Malaysia (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Australia

After two years of growth, supplies from abroad of tennis, badminton or similar rackets decreased by -0.1% to X units in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +60.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, tennis and badminton rackets imports totaled $X in 2022. Overall, total imports indicated pronounced growth 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, imports increased by +56.5% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 73%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest tennis and badminton rackets supplier to Australia, with a 82% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (0.0% per year) and Taiwan (Chinese) (-3.7% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Australia, comprising 72% of total imports. The second position in the ranking was held by Japan ($X), with an 8.4% share of total imports. It was followed by Taiwan (Chinese), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.9% per year) and Taiwan (Chinese) (+0.1% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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