Singapore: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Singapore

In 2022, the Singaporean table-tennis equipment market decreased by -77.7% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Table-Tennis Equipment Exports

Exports from Singapore

In 2022, shipments abroad of articles and equipment for table-tennis decreased by -3.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a mild setback. The pace of growth was the most pronounced in 2013 when exports increased by 37%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, table-tennis equipment exports stood at $X in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.9% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 48%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for table-tennis equipment exports from Singapore, with a 91% share of total exports. Moreover, table-tennis equipment exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+4.4% per year) and India (-55.7% per year).

In value terms, Indonesia ($X) remains the key foreign market for articles and equipment for table-tennis exports from Singapore, comprising 89% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+6.8% per year) and India (-44.9% per year).

Export Prices by Country

In 2022, the average table-tennis equipment export price amounted to $X per ton, surging by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2017 an increase of 12%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Singapore

Table-tennis equipment imports into Singapore stood at X tons in 2022, with an increase of 9.2% compared with 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, table-tennis equipment imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Japan (X tons), Germany (X tons) and China (X tons) were the main suppliers of table-tennis equipment imports to Singapore, with a combined 73% share of total imports. South Korea, France, Malaysia, Sweden and the United States lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and China ($X) constituted the largest table-tennis equipment suppliers to Singapore, together accounting for 75% of total imports. South Korea, France, Malaysia, Sweden and the United States lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, South Korea, with a CAGR of +18.8%, 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 table-tennis equipment import price stood at $X per ton in 2022, increasing by 8.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 an increase of 29%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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