Eastern Asia: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Eastern Asia

In 2022, the East Asian table-tennis equipment market decreased by -86.3% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption faced a drastic downturn. The level of consumption peaked at $X in 2021, and then shrank significantly in the following year.

Table-Tennis Equipment Production in Eastern Asia

In value terms, table-tennis equipment production rose notably to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Table-Tennis Equipment Exports

Exports in Eastern Asia

In 2022, overseas shipments of articles and equipment for table-tennis decreased by -24% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, table-tennis equipment exports expanded modestly to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of articles and equipment for table-tennis in Eastern Asia, comprising 98% of total export.

China was also the fastest-growing in terms of the articles and equipment for table-tennis exports, with a CAGR of +1.7% from 2012 to 2022. From 2012 to 2022, the share of China increased by +3.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest table-tennis equipment supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.4%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 36% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.7% per year.

Table-Tennis Equipment Imports

Imports in Eastern Asia

In 2022, the amount of articles and equipment for table-tennis imported in Eastern Asia dropped to X tons, remaining constant against the previous year's figure. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 16%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, table-tennis equipment imports amounted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 69% of total imports in 2022. Hong Kong SAR (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (10%). China (X tons) and Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +9.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest table-tennis equipment importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 84% of total imports.

China, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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