Peru: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Peru

In 2022, the Peruvian tennis and badminton rackets market increased by 9.2% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a noticeable decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Peru

In 2022, shipments abroad of tennis, badminton or similar rackets decreased by -18.9% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of 5,357%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports shrank to $X in 2022. In general, exports showed a deep setback. The growth pace was the most rapid in 2019 with an increase of 3,159% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for tennis and badminton rackets exports from Peru, with a 75% share of total exports. Moreover, tennis and badminton rackets exports to Ecuador exceeded the volume sent to the second major destination, Ireland (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-2.2% per year) and Chile (-26.6% per year).

In value terms, Ecuador ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Peru, comprising 48% of total exports. The second position in the ranking was taken by Ireland ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-12.7% per year) and Chile (-26.5% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, picking up by 11% against the previous year. Overall, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 69%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Ecuador ($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 Chile (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Peru

In 2022, imports of tennis, badminton or similar rackets into Peru rose notably to X units, surging by 12% on 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 106% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tennis and badminton rackets imports expanded notably to $X in 2022. In general, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 153%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest tennis and badminton rackets supplier to Peru, with a 69% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+47.0% per year) and Hong Kong SAR (-12.7% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Peru, comprising 64% of total imports. The second position in the ranking was taken by Argentina ($X), with a 7.4% share of total imports. It was followed by Thailand, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+15.7% per year) and Thailand (+46.3% per year).

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, reducing by -3.7% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tennis and badminton rackets import price increased by +79.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 49%. The import price peaked at $X per unit in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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