Europe: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Europe

For the third consecutive year, the Europe tennis and badminton rackets market recorded growth in sales value, which increased by 37% to $X in 2022. Overall, consumption saw resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Tennis, Badminton Or Similar Rackets in Europe

In value terms, tennis and badminton rackets production contracted to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 1,312%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports in Europe

In 2022, overseas shipments of tennis, badminton or similar rackets increased by 49% to X units, rising for the fourth year in a row after two years of decline. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 53%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, tennis and badminton rackets exports surged to $X in 2022. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X units) and Spain (X units) represented roughly 54% of total exports in 2022. France (X units) held the next position in the ranking, followed by Germany (X units) and Austria (X units). All these countries together held approx. 30% share of total exports. The following exporters - Sweden (X units) and Denmark (X units) - each amounted to a 7.7% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets supplying countries in Europe were France ($X), Germany ($X) and Spain ($X), together comprising 63% of total exports.

Spain, with a CAGR of +41.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, with a decrease of -18.9% against the previous year. Overall, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 49%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the other leaders experienced a decline in the export price figures.

Imports of Tennis, Badminton Or Similar Rackets

Imports in Europe

For the third consecutive year, Europe recorded growth in overseas purchases of tennis, badminton or similar rackets, which increased by 31% to X units in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The purchases of the four major importers of tennis, badminton or similar rackets, namely France, the Netherlands, Germany and Spain, represented more than two-thirds of total import. It was distantly followed by the UK (X units) and Italy (X units), together comprising a 9.9% share of total imports. Austria (X units), Sweden (X units), Russia (X units), Denmark (X units) and Belgium (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, with a combined 50% share of total imports. The Netherlands, Italy, Sweden, the UK, Austria, Denmark, Belgium and Russia lagged somewhat behind, together accounting for a further 38%.

Sweden, with a CAGR of +21.0%, saw 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 Europe stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when the import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform