Denmark: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Denmark

In 2022, the Danish tennis and badminton rackets market decreased by -40.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a tangible expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted remarkably in the following year.

Production of Tennis, Badminton Or Similar Rackets in Denmark

In value terms, tennis and badminton rackets production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Denmark

In 2022, overseas shipments of tennis, badminton or similar rackets increased by 62% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, tennis and badminton rackets exports fell modestly to $X in 2022. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

Sweden (X units) was the main destination for tennis and badminton rackets exports from Denmark, with a 64% share of total exports. Moreover, tennis and badminton rackets exports to Sweden exceeded the volume sent to the second major destination, Norway (X units), fivefold. The third position in this ranking was taken by Finland (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+20.2% per year) and Finland (+10.8% per year).

In value terms, Sweden ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Denmark, comprising 64% of total exports. The second position in the ranking was taken by Norway ($X), with a 14% share of total exports. It was followed by Finland, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+16.5% per year) and Finland (+6.8% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, reducing by -40.5% against the previous year. Overall, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 an increase of 40%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and Norway ($X per unit), while the average price for exports to France ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Denmark

For the third year in a row, Denmark recorded growth in overseas purchases of tennis, badminton or similar rackets, which increased by 1.2% to X units in 2022. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 100% 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. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Denmark, accounting for a 41% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was taken by Pakistan (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.1% per year) and Pakistan (+94.1% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Denmark, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports. It was followed by Pakistan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.5% per year) and Pakistan (+124.6% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, jumping by 69% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Spain ($X per unit), while the price for Sweden ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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