Portugal: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Portugal

After four years of growth, the Portuguese tennis and badminton rackets market decreased by -43.1% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Tennis and badminton rackets consumption peaked at $X in 2021, and then plummeted in the following year.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Portugal

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 221% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 338%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 250%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Kuwait (X units), the United States (X units) and Italy (X units) were the main destinations of tennis and badminton rackets exports from Portugal, together accounting for 44% of total exports. Spain, the UK, the Netherlands, France, Chile, the United Arab Emirates, Angola, Germany, Panama and Bahrain lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +881.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tennis and badminton rackets exported from Portugal were Kuwait ($X), the United States ($X) and Spain ($X), together accounting for 46% of total exports. Italy, the United Arab Emirates, the UK, the Netherlands, Chile, France, Germany, Angola, Panama and Bahrain lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Bahrain, with a CAGR of +1,138.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, which is down by -21.3% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 25%. 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 lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to France ($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 Bahrain (+64.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Portugal

In 2022, the amount of tennis, badminton or similar rackets imported into Portugal skyrocketed to X units, increasing by 24% compared with 2021. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 54%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

Imports by Country

In 2022, Spain (X units) constituted the largest tennis and badminton rackets supplier to Portugal, accounting for a 63% share of total imports. Moreover, tennis and badminton rackets imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Germany (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.6% per year) and Germany (+79.9% per year).

In value terms, Spain ($X) constituted the largest supplier of tennis, badminton or similar rackets to Portugal, comprising 65% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.4% per year) and Germany (+92.2% per year).

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, with an increase of 32% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per unit) and Germany ($X per unit), while the price for Brazil ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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