Malaysia: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Malaysia

The Malaysian tennis and badminton rackets market surged to $X in 2022, increasing by 56% 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 recorded a relatively flat trend pattern. Tennis and badminton rackets consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Malaysia

In 2022, the amount of tennis, badminton or similar rackets exported from Malaysia shrank remarkably to X units, reducing by -55.1% against 2021. Overall, exports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2015 with an increase of 128%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 164%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for tennis and badminton rackets exports from Malaysia, accounting for a 31% share of total exports. Moreover, tennis and badminton rackets exports to Australia exceeded the volume sent to the second major destination, Indonesia (X units), twofold. Singapore (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+20.4% per year) and Singapore (-13.1% per year).

In value terms, Australia ($X), Indonesia ($X) and Singapore ($X) appeared to be the largest markets for tennis and badminton rackets exported from Malaysia worldwide, together accounting for 49% of total exports.

Australia, with a CAGR of +47.1%, recorded the highest growth rate of the value of exports, among 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

The average tennis and badminton rackets export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tennis and badminton rackets export price increased by +53.9% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 34%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped slightly in the following year.

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 Hong Kong SAR ($X per unit), while the average price for exports to Macao SAR ($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 Hong Kong SAR (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Malaysia

In 2022, supplies from abroad of tennis, badminton or similar rackets increased by 50% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a perceptible setback. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. Over the period under review, imports showed pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of tennis and badminton rackets to Malaysia, accounting for a 94% share of total imports. It was followed by Vietnam (X units), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.5%.

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Malaysia, comprising 83% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.6%.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tennis and badminton rackets import price increased by +95.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 54%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%).

Source: IndexBox Platform

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