Iran: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Iran

The Iranian tennis and badminton rackets market soared to $X in 2022, rising by 21% 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, however, continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Iran

In 2022, the amount of tennis, badminton or similar rackets exported from Iran rose notably to X units, surging by 9.3% compared with the previous year's figure. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 351% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 118%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Armenia (X units) was the main destination for tennis and badminton rackets exports from Iran, accounting for a 90% share of total exports. Moreover, tennis and badminton rackets exports to Armenia exceeded the volume sent to the second major destination, Georgia (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Armenia totaled -2.5%.

In value terms, Armenia ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Iran, comprising 76% of total exports. The second position in the ranking was held by Georgia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Armenia was relatively modest.

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, declining by -6.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 330%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Armenia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+218.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Iran

In 2022, imports of tennis, badminton or similar rackets into Iran surged to X units, growing by 27% against 2021. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 180% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tennis and badminton rackets imports totaled $X in 2022. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Iran, accounting for a 78% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), ninefold. Singapore (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.1% per year) and Singapore (+2.7% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X) were the largest tennis and badminton rackets suppliers to Iran, with a combined 83% share of total imports.

Taiwan (Chinese), with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, falling by -19.4% against the previous year. In general, the import price, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2016 an increase of 241%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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