Bahrain: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Bahrain

In 2022, the Bahraini tennis and badminton rackets market increased by 298% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Bahrain

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 35% to X units for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 461% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. In general, exports, however, recorded a precipitous decline. The growth pace was the most rapid in 2014 when exports increased by 385% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X units) was the main destination for tennis and badminton rackets exports from Bahrain, accounting for a 88% share of total exports. Moreover, tennis and badminton rackets exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman amounted to -22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-49.9% per year) and Thailand (-36.1% per year).

In value terms, Oman ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Bahrain, comprising 74% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Oman stood at -45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.1% per year) and Thailand (-44.0% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, increasing by 8.8% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 16%. 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 lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Oman ($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 the United Arab Emirates (+99.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Bahrain

In 2022, purchases abroad of tennis, badminton or similar rackets increased by 481% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 271%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United Arab Emirates (X units) and Mauritius (X units) were the main suppliers of tennis and badminton rackets imports to Bahrain, together comprising 51% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Bahrain, comprising 43% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.1% per year) and Mauritius (0.0% per year).

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, reducing by -67.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 364% against the previous year. The import price peaked at $X per unit in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mauritius ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%).

Source: IndexBox Platform