Pakistan: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Pakistan

The Pakistani tennis and badminton rackets market expanded notably to $X in 2022, rising by 13% against the previous year. Overall, consumption saw a abrupt setback. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Tennis, Badminton Or Similar Rackets in Pakistan

In value terms, tennis and badminton rackets production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 34%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Pakistan

In 2022, the amount of tennis, badminton or similar rackets exported from Pakistan reduced to X units, dropping by -11% against the year before. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 208%. Over the period under review, the exports attained the peak figure 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 totaled $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 229% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Spain (X units) was the main destination for tennis and badminton rackets exports from Pakistan, accounting for a 41% share of total exports. Moreover, tennis and badminton rackets exports to Spain exceeded the volume sent to the second major destination, Brazil (X units), threefold. Sweden (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+57.3% per year) and Sweden (+22.2% per year).

In value terms, Spain ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Pakistan, comprising 48% of total exports. The second position in the ranking was held by Brazil ($X), with a 14% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+82.8% per year) and Sweden (+65.4% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, rising by 13% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 245% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Spain ($X per unit), while the average price for exports to Italy ($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 Belgium (+89.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Pakistan

In 2022, overseas purchases of tennis, badminton or similar rackets decreased by -49.8% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 508%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main tennis and badminton rackets supplier to Pakistan, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.5%.

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Pakistan.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.5%.

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, rising by 722% against the previous year. Over the period under review, the import price posted a remarkable increase. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +14.0% per year.

Source: IndexBox Platform

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