Slovakia: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Slovakia

In 2022, the Slovak tennis and badminton rackets market decreased by -46.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed strong growth. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced rapidly in the following year.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Slovakia

In 2022, overseas shipments of tennis, badminton or similar rackets decreased by -35.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 101%. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped remarkably in the following year.

In value terms, tennis and badminton rackets exports declined to $X in 2022. Over the period under review, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of 101% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X units), the Czech Republic (X units) and Austria (X units) were the main destinations of tennis and badminton rackets exports from Slovakia, together comprising 80% of total exports. Poland, Germany, Italy and Romania lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +115.5%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Hungary ($X) and the Czech Republic ($X) constituted the largest markets for tennis and badminton rackets exported from Slovakia worldwide, with a combined 85% share of total exports. Poland, Germany, Italy and Romania lagged somewhat behind, together comprising a further 12%.

Romania, with a CAGR of +71.0%, saw the highest growth rate of the value of exports, among the main countries of destination 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, picking up by 41% against the previous year. In general, the export price, however, showed a perceptible descent. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Italy ($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 Austria (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in purchases abroad of tennis, badminton or similar rackets, when their volume decreased by -47.7% to X units. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 171% against the previous year. Imports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, tennis and badminton rackets imports declined rapidly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

China (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of tennis and badminton rackets imports to Slovakia, together comprising 86% of total imports. Poland, Taiwan (Chinese), Vietnam, Germany, Japan and the Czech Republic lagged somewhat behind, together accounting for a further 8.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +46.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Slovakia, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.7% share of total imports. It was followed by the Netherlands, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+33.1% per year) and the Netherlands (+23.4% per year).

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, jumping by 26% against the previous year. In general, the import price, however, showed a deep setback. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the Netherlands ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :