Luxembourg: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Luxembourg

The Luxembourg tennis and badminton rackets market surged to $X in 2022, increasing by 126% 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 enjoyed a prominent increase. Tennis and badminton rackets consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Luxembourg

In 2022, approx. X units of tennis, badminton or similar rackets were exported from Luxembourg; declining by -94.2% against 2021. Over the period under review, exports saw a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 3,338%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports declined remarkably to $X in 2022. In general, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 2,595%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for tennis and badminton rackets exports from Luxembourg, accounting for a 67% share of total exports. Moreover, tennis and badminton rackets exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-31.0% per year) and the United States (-97.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total exports. It was followed by the United States, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-35.1% per year) and the United States (-98.0% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, with an increase of 4.8% against the previous year. In general, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the 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 the UK ($X per unit), while the average price for exports to Belgium ($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 the UK (+14.6%), while the prices for the other major destinations experienced a decline.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Luxembourg

In 2022, imports of tennis, badminton or similar rackets into Luxembourg soared to X units, picking up by 52% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 184% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, imports posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 150%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), Hong Kong SAR (X units) and China (X units) were the main suppliers of tennis and badminton rackets imports to Luxembourg, with a combined 76% share of total imports. Poland, Taiwan (Chinese), France, Germany, Belgium and Italy lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets suppliers to Luxembourg were Thailand ($X), Hong Kong SAR ($X) and China ($X), with a combined 81% share of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +74.4%, recorded the highest rates of growth with regard to 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, increasing by 50% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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