CIS: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in CIS

In 2022, the CIS tennis and badminton rackets market decreased by -16% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Production of Tennis, Badminton Or Similar Rackets in CIS

In value terms, tennis and badminton rackets production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 68%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports in CIS

In 2022, the amount of tennis, badminton or similar rackets exported in the CIS contracted notably to X units, shrinking by -21.7% compared with 2021 figures. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 213% against the previous year. The volume of export peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, tennis and badminton rackets exports contracted to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 245%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Russia represented the major exporting country with an export of about X units, which resulted at 81% of total exports. It was distantly followed by Belarus (X units), achieving a 12% share of total exports. Moldova (X units) and Kazakhstan (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tennis and badminton rackets exports from Russia stood at +22.1%. At the same time, Moldova (+171.1%) and Kazakhstan (+24.1%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +171.1% from 2012-2022. By contrast, Belarus (-12.7%) illustrated a downward trend over the same period. While the share of Russia (+62 p.p.), Moldova (+3.7 p.p.) and Kazakhstan (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-68.3 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest tennis and badminton rackets supplier in the CIS, comprising 71% of total exports. The second position in the ranking was held by Belarus ($X), with a 15% share of total exports. It was followed by Kazakhstan, with a 9.5% share.

In Russia, tennis and badminton rackets exports increased at an average annual rate of +13.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+10.1% per year) and Kazakhstan (+26.7% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by 10% against the previous year. Overall, the export price recorded a resilient increase. The growth pace was the most rapid in 2013 when the export price increased by 280% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+26.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tennis, Badminton Or Similar Rackets

Imports in CIS

In 2022, after four years of growth, there was decline in overseas purchases of tennis, badminton or similar rackets, when their volume decreased by -3.7% to X units. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, imports attained the peak of X units, and then shrank slightly in the following year.

In value terms, tennis and badminton rackets imports reduced to $X in 2022. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Russia was the key importing country with an import of around X units, which amounted to 49% of total imports. Belarus (X units) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (8.2%) and Uzbekistan (5.3%). The following importers - Moldova (X units) and Armenia (X units) - together made up 5% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +78.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported tennis, badminton or similar rackets in the CIS, comprising 69% of total imports. The second position in the ranking was held by Belarus ($X), with a 14% share of total imports. It was followed by Kazakhstan, with a 10% share.

In Russia, tennis and badminton rackets imports expanded at an average annual rate of +3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+22.3% per year) and Kazakhstan (+17.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, declining by -6.2% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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