Romania: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Romania

After two years of growth, the Romanian tennis and badminton rackets market decreased by -34.1% to $X in 2022. In general, consumption, however, recorded a pronounced expansion. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Romania

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 39% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 1,380% against the previous year. The exports peaked 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. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,639% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Bulgaria (X units) was the main destination for tennis and badminton rackets exports from Romania, accounting for a 57% share of total exports. Moreover, tennis and badminton rackets exports to Bulgaria exceeded the volume sent to the second major destination, Greece (X units), fivefold. The third position in this ranking was held by Belgium (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +167.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+176.5% per year) and Belgium (+1,513.6% per year).

In value terms, Bulgaria ($X) remains the key foreign market for tennis, badminton or similar rackets exports from Romania, comprising 59% of total exports. The second position in the ranking was held by Greece ($X), with a 13% share of total exports. It was followed by Belgium, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria amounted to +132.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+130.0% per year) and Belgium (+728.2% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, with a decrease of -7.3% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2013 an increase of 138% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Greece ($X per unit) and Bulgaria ($X per unit), while the average price for exports to Slovakia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-3.9%), while the prices for the other major destinations experienced a decline.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Romania

After two years of growth, supplies from abroad of tennis, badminton or similar rackets decreased by -32.2% to X units in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, tennis and badminton rackets imports contracted to $X in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

France (X units), Spain (X units) and Germany (X units) were the main suppliers of tennis and badminton rackets imports to Romania, together comprising 68% of total imports. Belgium, China, Hungary and Pakistan lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +268.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets suppliers to Romania were France ($X), Germany ($X) and Belgium ($X), with a combined 67% share of total imports. China, Spain, Hungary and Pakistan lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Pakistan, with a CAGR of +183.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, with an increase of 34% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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