SADC: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in SADC

The SADC tennis and badminton rackets market surged to $X in 2022, growing by 34% against the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.0% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Tennis, Badminton Or Similar Rackets in SADC

In value terms, tennis and badminton rackets production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.3%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports in SADC

In 2022, the amount of tennis, badminton or similar rackets exported in SADC rose slightly to X units, surging by 2.9% compared with 2021 figures. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 690%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, tennis and badminton rackets exports soared to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 696%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Mauritius represented the major exporting country with an export of around X units, which recorded 80% of total exports. It was distantly followed by South Africa (X units), achieving a 19% share of total exports.

Mauritius was also the fastest-growing in terms of the tennis, badminton or similar rackets exports, with a CAGR of +116.1% from 2012 to 2022. South Africa (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius increased by +80 percentage points.

In value terms, Mauritius ($X) remains the largest tennis and badminton rackets supplier in SADC, comprising 83% of total exports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total exports.

In Mauritius, tennis and badminton rackets exports expanded at an average annual rate of +120.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, surging by 25% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 export price increased by +25.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 57% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while South Africa totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2.2%).

Imports of Tennis, Badminton Or Similar Rackets

Imports in SADC

Tennis and badminton rackets imports contracted modestly to X units in 2022, falling by -4% against 2021 figures. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 49% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tennis and badminton rackets imports skyrocketed to $X in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

South Africa represented the major importing country with an import of about X units, which resulted at 65% of total imports. It was distantly followed by Mauritius (X units), creating a 25% share of total imports. Angola (X units) took a little share of total imports.

Imports into South Africa decreased at an average annual rate of -2.2% from 2012 to 2022. At the same time, Angola (+12.9%) and Mauritius (+5.9%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of +12.9% from 2012-2022. While the share of Mauritius (+11 p.p.) and Angola (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-15.5 p.p.) displayed negative dynamics.

In value terms, the largest tennis and badminton rackets importing markets in SADC were South Africa ($X), Mauritius ($X) and Angola ($X), with a combined 94% share of total imports.

Among the main importing countries, Mauritius, with a CAGR of +26.8%, saw 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

In 2022, the import price in SADC amounted to $X per unit, jumping by 78% against the previous year. Overall, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per unit), while Angola ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+19.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform