Germany: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Germany

The German tennis and badminton rackets market skyrocketed to $X in 2022, growing by 149% 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). In general, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Germany

In 2022, approx. X units of tennis, badminton or similar rackets were exported from Germany; with an increase of 13% against the previous year's figure. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2017 indices. The pace of growth was the most pronounced in 2015 when exports increased by 74% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X units), France (X units) and Italy (X units) were the main destinations of tennis and badminton rackets exports from Germany, together comprising 39% 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 Spain (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Italy ($X) constituted the largest markets for tennis and badminton rackets exported from Germany worldwide, together comprising 39% of total exports. Spain, Austria, the Netherlands, Sweden, Poland, Switzerland, the Czech Republic, Finland, Belgium and Denmark lagged somewhat behind, together accounting for a further 45%.

Belgium, with a CAGR of +25.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2017 when the average export price increased by 38%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Denmark ($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 Belgium (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Germany

In 2022, imports of tennis, badminton or similar rackets into Germany surged to X units, rising by 79% compared with the previous year. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 101%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tennis and badminton rackets imports surged to $X in 2022. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 62%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Germany, with a 84% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.0% per year) and Taiwan (Chinese) (+5.3% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Germany, comprising 84% of total imports. The second position in the ranking was held by Japan ($X), with a 4.6% share of total imports. It was followed by Taiwan (Chinese), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.4% per year) and Taiwan (Chinese) (+2.0% per year).

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, shrinking by -26.2% against the previous year. In general, the import price saw a pronounced decline. The growth pace was the most rapid in 2015 an increase of 205% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per unit) and Japan ($X per unit), while the price for Pakistan ($X per unit) and Myanmar ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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