Canada: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Canada

The Canadian tennis and badminton rackets market skyrocketed to $X in 2022, rising by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +91.8% against 2020 indices. Tennis and badminton rackets consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Canada

In 2022, the amount of tennis, badminton or similar rackets exported from Canada surged to X units, increasing by 53% on the previous year. Over the period under review, exports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by 99% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. Overall, exports recorded perceptible growth. The growth pace was the most rapid in 2021 with an increase of 112% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X units) was the main destination for tennis and badminton rackets exports from Canada, accounting for a 73% share of total exports. Moreover, tennis and badminton rackets exports to China exceeded the volume sent to the second major destination, Japan (X units), sevenfold. The United States (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +137.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-22.1% per year) and the United States (-7.3% per year).

In value terms, China ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from Canada, comprising 82% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by the United States, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +142.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-15.3% per year) and the United States (-5.1% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, jumping by 33% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tennis and badminton rackets export price increased by +68.3% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Israel ($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 Japan (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Canada

Tennis and badminton rackets imports into Canada soared to X units in 2022, growing by 19% on the previous year's figure. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +76.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +99.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Canada, accounting for a 87% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.8% per year) and Indonesia (+53.9% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Canada, comprising 84% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.2% per year) and Indonesia (+37.9% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, surging by 14% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 43% against the previous year. The import price peaked in 2022 and is expected to retain 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 China ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :