New Zealand: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in New Zealand

After two years of growth, the New Zealand tennis and badminton rackets market decreased by -2.8% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. Tennis and badminton rackets consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from New Zealand

Tennis and badminton rackets exports from New Zealand surged to X units in 2022, growing by 574% compared with 2021. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 733% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. In general, exports recorded temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 878%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for tennis and badminton rackets exports from New Zealand, with a 83% share of total exports. Moreover, tennis and badminton rackets exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X units), more than tenfold. The third position in this ranking was held by Fiji (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+17.9% per year) and Fiji (-3.7% per year).

In value terms, Australia ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from New Zealand, comprising 67% of total exports. The second position in the ranking was held by Cook Islands ($X), with an 11% share of total exports. It was followed by Fiji, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+19.0% per year) and Fiji (-2.6% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, with a decrease of -48.2% against the previous year. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 57%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Guam ($X per unit), while the average price for exports to Australia ($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 Guam (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into New Zealand

In 2022, tennis and badminton rackets imports into New Zealand rose to X units, growing by 3.1% on the previous year's figure. Over the period under review, imports, however, saw a mild decline. The pace of growth appeared the most rapid in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tennis and badminton rackets imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to New Zealand, with a 87% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.7% per year) and Taiwan (Chinese) (-9.2% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to New Zealand, comprising 78% of total imports. The second position in the ranking was taken by Japan ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.1% per year) and Taiwan (Chinese) (-2.4% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, with a decrease of -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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