Jordan: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Jordan

The Jordanian tennis and badminton rackets market surged to $X in 2022, rising by 208% 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 showed a relatively flat trend pattern. Tennis and badminton rackets consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Jordan

In 2022, shipments abroad of tennis, badminton or similar rackets was finally on the rise to reach X units after two years of decline. In general, exports, however, saw a deep contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports expanded markedly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 80% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) and Egypt (X units) were the main destinations of tennis and badminton rackets exports from Jordan. Moreover, tennis and badminton rackets exports in Switzerland exceeded the figures recorded by the second-largest exporter, Egypt, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of 0.0%).

In value terms, Egypt ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Jordan, comprising 71% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Egypt amounted to -2.9%.

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, waning by -29.4% against the previous year. In general, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 38%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+20.5%).

Imports of Tennis, Badminton Or Similar Rackets

Imports into Jordan

In 2022, approx. X units of tennis, badminton or similar rackets were imported into Jordan; jumping by 238% compared with the year before. In general, imports saw a slight increase. The growth pace was the most rapid in 2021 with an increase of 400% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, tennis and badminton rackets imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 379% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Jordan, accounting for a 70% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, France (X units), eightfold. Germany (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+20.0% per year) and Germany (-8.1% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Jordan, comprising 68% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by Portugal, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+21.5% per year) and Portugal (0.0% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, reducing by -16.4% against the previous year. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform