Austria: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Austria

In 2022, the Austrian tennis and badminton rackets market increased by 346% to $X, rising for the second year in a row after six years of decline. Overall, consumption saw a resilient increase. Tennis and badminton rackets consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Tennis, Badminton Or Similar Rackets in Austria

In value terms, tennis and badminton rackets production fell significantly to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 3%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Austria

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 11% to X units, rising for the third consecutive year after two years of decline. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 404%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tennis and badminton rackets exports totaled $X in 2022. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 59% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units), the Netherlands (X units) and Italy (X units) were the main destinations of tennis and badminton rackets exports from Austria, with a combined 51% share of total exports. Sweden, France, Denmark, Spain, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +97.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Austria, comprising 38% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.6% per year) and the Netherlands (+45.6% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, falling by -9.5% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of 134% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Sweden ($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 Poland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Austria

For the third year in a row, Austria recorded growth in overseas purchases of tennis, badminton or similar rackets, which increased by 55% to X units in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, tennis and badminton rackets imports declined slightly to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Austria, accounting for a 75% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.6% per year) and France (+10.4% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Austria, comprising 73% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.3% per year) and France (+2.4% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, waning by -35.4% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :