Morocco: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Morocco

In 2022, after three years of growth, there was significant decline in the Moroccan tennis and badminton rackets market, when its value decreased by -16.6% to $X. In general, consumption saw buoyant growth. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Production of Tennis, Badminton Or Similar Rackets in Morocco

In value terms, tennis and badminton rackets production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 179%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Morocco

Tennis and badminton rackets exports from Morocco surged to X units in 2022, with an increase of 16,492% compared with the previous year's figure. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tennis and badminton rackets exports contracted to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 318%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Spain (X units) was the main destination for tennis and badminton rackets exports from Morocco, with a 90% share of total exports. Moreover, tennis and badminton rackets exports to Spain exceeded the volume sent to the second major destination, Sweden (X units), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +55.4%.

In value terms, Spain ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Morocco, comprising 89% of total exports. The second position in the ranking was held by Sweden ($X), with a 7.5% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Spain amounted to +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+125.2% per year) and France (-65.5% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, shrinking by -99.4% against the previous year. Overall, the export price, however, saw a temperate expansion. The pace of growth was the most pronounced in 2021 an increase of 13,144% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped sharply 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 France ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Morocco

In 2022, overseas purchases of tennis, badminton or similar rackets increased by 161% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tennis and badminton rackets imports surged to $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 86%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Morocco, with a 90% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Pakistan (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+31.3% per year) and Pakistan (+24.0% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Morocco, comprising 90% of total imports. The second position in the ranking was held by Spain ($X), with a 3.6% share of total imports. It was followed by Pakistan, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.5% per year) and Pakistan (+26.3% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, dropping by -44.5% against the previous year. Over the period under review, the import price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in 2015 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and China ($X per unit), while the price for Pakistan ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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