MERCOSUR: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in MERCOSUR

In 2022, the MERCOSUR tennis and badminton rackets market increased by 44% to $X, rising for the second consecutive year after three years of decline. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Tennis, Badminton Or Similar Rackets in MERCOSUR

In value terms, tennis and badminton rackets production declined slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports in MERCOSUR

In 2022, approx. X units of tennis, badminton or similar rackets were exported in MERCOSUR; increasing by 14% on the previous year's figure. Over the period under review, exports posted a measured expansion. The pace of growth was the most pronounced in 2018 when exports increased by 112% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tennis and badminton rackets exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 112%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X units, which resulted at 55% of total exports. Paraguay (X units) took the second position in the ranking, distantly followed by Chile (X units) and Argentina (X units). All these countries together took near 45% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Paraguay (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets supplying countries in MERCOSUR were Brazil ($X), Paraguay ($X) and Chile ($X), together accounting for 94% of total exports.

In terms of the main exporting countries, Paraguay, with a CAGR of +64.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, picking up by 5.8% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when the export price increased by 6.1%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.6%), while the other leaders experienced a decline in the export price figures.

Imports of Tennis, Badminton Or Similar Rackets

Imports in MERCOSUR

In 2022, overseas purchases of tennis, badminton or similar rackets increased by 60% to X units, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 171%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 224% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Chile was the main importer of tennis, badminton or similar rackets in MERCOSUR, with the volume of imports accounting for X units, which was near 60% of total imports in 2022. It was distantly followed by Brazil (X units), creating a 27% share of total imports. The following importers - Argentina (X units), Colombia (X units), Paraguay (X units) and Venezuela (X units) - together made up 10% of total imports.

Imports into Chile increased at an average annual rate of +20.3% from 2012 to 2022. At the same time, Paraguay (+22.0%) and Brazil (+1.7%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +22.0% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (-2.7%) and Venezuela (-8.8%) illustrated a downward trend over the same period. Chile (+42 p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Argentina, Venezuela and Brazil saw its share reduced by -2.8%, -5.1%, -6.6% and -16.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tennis and badminton rackets importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Argentina ($X), with a combined 91% share of total imports.

Brazil, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, falling by -12.1% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +38.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+18.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform