Report Update Nov 1, 2024

China - Tennis, Badminton or Similar Rackets - Market Analysis, Forecast, Size, Trends and Insights

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China: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in China

The Chinese tennis and badminton rackets market surged to $X in 2022, growing by 26% against the previous year. Overall, consumption, however, showed a precipitous slump. Tennis and badminton rackets consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Tennis, Badminton Or Similar Rackets in China

In value terms, tennis and badminton rackets production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 36%. Tennis and badminton rackets production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from China

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 0.6% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 51%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, tennis and badminton rackets exports surged to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for tennis and badminton rackets exports from China, with a 17% share of total exports. Moreover, tennis and badminton rackets exports to the United States exceeded the volume sent to the second major destination, Spain (X units), twofold. France (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+14.2% per year) and France (+1.8% per year).

In value terms, the United States ($X), France ($X) and Spain ($X) constituted the largest markets for tennis and badminton rackets exported from China worldwide, together comprising 43% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +28.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, growing by 32% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Bangladesh ($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 Spain (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into China

For the third year in a row, China recorded growth in purchases abroad of tennis, badminton or similar rackets, which increased by 14% to X units in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of tennis and badminton rackets to China, with a approx. 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at +14.4%.

In value terms, Japan ($X) constituted the largest supplier of tennis, badminton or similar rackets to China.

From 2012 to 2022, the average annual growth rate of value from Japan stood at +4.6%.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, picking up by 71% against the previous year. Over the period under review, the import price, however, faced a abrupt descent. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -8.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tennis, badminton or similar rackets in the world?

China constituted the country with the largest volume of tennis and badminton rackets consumption, accounting for 38% of total volume. Moreover, tennis and badminton rackets consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Japan ranked third in terms of total consumption with a 4.9% share.

What are the largest producers of tennis, badminton or similar rackets in the world?

China remains the largest tennis and badminton rackets producing country worldwide, accounting for 90% of total volume. Moreover, tennis and badminton rackets production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold.

What are the leading suppliers of tennis, badminton or similar rackets to China?

In value terms, the largest tennis and badminton rackets suppliers to China were Japan, Taiwan Chinese) and Hong Kong SAR, with a combined 97% share of total imports.

What are the leading importers of tennis, badminton or similar rackets from China?

In value terms, the largest markets for tennis and badminton rackets exported from China were Spain, the United States and France, together comprising 36% of total exports.

What is the average export price for tennis, badminton or similar rackets in China?

In 2021, the average tennis and badminton rackets export price amounted to $4.9 per unit, surging by 6.4% against the previous year.

What is the average import price for tennis, badminton or similar rackets in China?

The average tennis and badminton rackets import price stood at $6 per unit in 2021, increasing by 8.1% against the previous year.

This report provides an in-depth analysis of the market for tennis and badminton rackets in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301560 - Tennis, badminton or similar rackets, whether or not strung

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023