Paraguay: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Paraguay

In 2022, the Paraguayan tennis and badminton rackets market increased by 119% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate strong growth. Tennis and badminton rackets consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Tennis, Badminton Or Similar Rackets in Paraguay

In value terms, tennis and badminton rackets production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Paraguay

In 2022, overseas shipments of tennis, badminton or similar rackets increased by 23% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 675%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,247%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X units) was the main destination for tennis and badminton rackets exports from Paraguay, accounting for a 77% share of total exports. Moreover, tennis and badminton rackets exports to Argentina exceeded the volume sent to the second major destination, Brazil (X units), sixfold. Sweden (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +62.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+43.7% per year) and Sweden (0.0% per year).

In value terms, Argentina ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Paraguay, comprising 49% of total exports. The second position in the ranking was held by Spain ($X), with a 23% share of total exports. It was followed by Brazil, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at +103.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+43.2% per year) and Brazil (+47.1% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Argentina ($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 Spain (+197.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Paraguay

In 2022, imports of tennis, badminton or similar rackets into Paraguay soared to X units, increasing by 384% compared with 2021 figures. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 1,006% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, tennis and badminton rackets imports expanded remarkably to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 395%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Paraguay, accounting for a 20% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+58.3% per year) and Hong Kong SAR (-2.3% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Paraguay, comprising 37% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.2% share of total imports. It was followed by Hong Kong SAR, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+43.8% per year) and Hong Kong SAR (-1.2% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, which is down by -78.2% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 102%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per unit), while the price for France ($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 (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform