Costa Rica: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Costa Rica

The Costa Rican tennis and badminton rackets market dropped sharply to $X in 2022, reducing by -55.7% 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, consumption saw a pronounced descent. Tennis and badminton rackets consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Costa Rica

In 2022, shipments abroad of tennis, badminton or similar rackets decreased by -11.3% to X units, falling for the seventh consecutive year after two years of growth. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports reduced to $X in 2022. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2015 when exports increased by 16%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and Guatemala (X units) were the main destinations of tennis and badminton rackets exports from Costa Rica, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Costa Rica, comprising 30% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports. It was followed by Mexico, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.8% per year) and Mexico (-0.1% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, growing by 4.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 19%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Guatemala ($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 Canada (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Costa Rica

In 2022, after two years of growth, there was significant decline in overseas purchases of tennis, badminton or similar rackets, when their volume decreased by -39.3% to X units. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tennis and badminton rackets imports contracted sharply to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of tennis and badminton rackets imports to Costa Rica, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +66.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets suppliers to Costa Rica were the United States ($X), Japan ($X) and China ($X), with a combined 57% share of total imports.

Japan, with a CAGR of +99.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, waning by -44.7% against the previous year. In general, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 117%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+49.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform