Italy: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Italy

The Italian tennis and badminton rackets market skyrocketed to $X in 2022, surging by 76% 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 saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Italy

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 14% to X units, rising for the fourth consecutive year after two years of decline. In general, exports showed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 208%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, tennis and badminton rackets exports contracted to $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 157%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Spain (X units), France (X units) and the United States (X units) were the main destinations of tennis and badminton rackets exports from Italy, with a combined 58% share of total exports. Croatia, Paraguay, Belgium, Brazil, the UK, China, Slovenia, Kuwait, Malta and the Netherlands lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +376.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tennis and badminton rackets exported from Italy were Spain ($X), France ($X) and the United States ($X), together accounting for 51% of total exports. Brazil, Croatia, Paraguay, Belgium, the UK, Slovenia, China, Kuwait, Malta and the Netherlands lagged somewhat behind, together comprising a further 35%.

China, with a CAGR of +240.4%, recorded 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, shrinking by -24.3% against the previous year. Overall, the export price showed a pronounced slump. The growth pace was the most rapid in 2017 an increase of 39%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to China ($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 Brazil (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Italy

Tennis and badminton rackets imports into Italy soared to X units in 2022, rising by 46% on 2021 figures. In general, imports saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 84%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Spain (X units), France (X units) and China (X units) were the main suppliers of tennis and badminton rackets imports to Italy, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +103.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets suppliers to Italy were Spain ($X), France ($X) and China ($X), together comprising 71% of total imports.

Among the main suppliers, Spain, with a CAGR of +75.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, jumping by 18% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of 22% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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