Oman: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Oman

In 2022, the Omani tennis and badminton rackets market increased by 35% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption enjoyed a prominent expansion. Tennis and badminton rackets consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Oman

After two years of decline, overseas shipments of tennis, badminton or similar rackets increased by 197% to X units in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 529%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, tennis and badminton rackets exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,013%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Qatar (X units) was the main destination for tennis and badminton rackets exports from Oman, with a 82% share of total exports. Moreover, tennis and badminton rackets exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +44.6%.

In value terms, Qatar ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Oman, comprising 83% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +48.1%.

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, falling by -17.1% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The growth pace was the most rapid in 2021 an increase of 92% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced rapidly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.4%).

Imports of Tennis, Badminton Or Similar Rackets

Imports into Oman

In 2022, overseas purchases of tennis, badminton or similar rackets increased by 32% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 262%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 323% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest tennis and badminton rackets supplier to Oman, with a 34% share of total imports. Moreover, tennis and badminton rackets imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Pakistan (X units), threefold. The third position in this ranking was held by Singapore (X units), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+33.2% per year) and Singapore (+7.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tennis, badminton or similar rackets to Oman, comprising 44% of total imports. The second position in the ranking was held by Mauritius ($X), with a 9.1% share of total imports. It was followed by Spain, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (0.0% per year) and Spain (+154.6% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, increasing by 7.7% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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