Middle East: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in the Middle East

In 2022, the Middle Eastern tennis and badminton rackets market increased by 47% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a strong increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Tennis, Badminton Or Similar Rackets in the Middle East

In value terms, tennis and badminton rackets production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 4% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports in the Middle East

In 2022, tennis and badminton rackets exports in the Middle East fell dramatically to X units, which is down by -15.1% compared with the year before. In general, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 116%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports reduced markedly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 96% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Israel (X units) represented the major exporter of tennis, badminton or similar rackets, comprising 47% of total exports. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Turkey (X units), Saudi Arabia (X units) and Lebanon (X units). All these countries together held approx. 47% share of total exports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Israel (with a CAGR of +78.7%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the largest tennis and badminton rackets supplier in the Middle East, comprising 43% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Lebanon, with a 16% share.

In Israel, tennis and badminton rackets exports expanded at an average annual rate of +52.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-7.3% per year) and Lebanon (+21.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, falling by -12.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 41%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports in the Middle East

In 2022, overseas purchases of tennis, badminton or similar rackets increased by 27% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tennis and badminton rackets imports surged to $X in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 120% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of tennis, badminton or similar rackets in the Middle East, with the volume of imports resulting at X units, which was near 61% of total imports in 2022. Kuwait (X units) ranks second in terms of the total imports with an 11% share, followed by Turkey (6.7%) and Iran (6.6%). The following importers - Qatar (X units), Israel (X units) and Bahrain (X units) - together made up 10% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tennis and badminton rackets imports into the United Arab Emirates stood at +7.7%. At the same time, Qatar (+35.6%), Kuwait (+22.0%), Bahrain (+18.9%) and Israel (+4.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +35.6% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Iran (-17.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+29 p.p.), Kuwait (+9 p.p.), Qatar (+4 p.p.) and Bahrain (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-44.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tennis, badminton or similar rackets in the Middle East, comprising 44% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Qatar, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +14.3%. In the other countries, the average annual rates were as follows: Turkey (+1.7% per year) and Qatar (+34.1% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 134%. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Qatar ($X per unit), while Iran ($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 United Arab Emirates (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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