South Africa: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in South Africa

The South African tennis and badminton rackets market surged to $X in 2022, with an increase of 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Exports of Tennis, Badminton Or Similar Rackets

Exports from South Africa

In 2022, the amount of tennis, badminton or similar rackets exported from South Africa plummeted to X units, dropping by -24.2% compared with the year before. Over the period under review, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 213% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tennis and badminton rackets exports dropped to $X in 2022. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 160% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X units), Namibia (X units) and Zimbabwe (X units) were the main destinations of tennis and badminton rackets exports from South Africa, with a combined 51% share of total exports. Botswana, Australia, the United States, Mauritius, Malawi, Ghana, Mozambique, Lesotho, Uganda and Tanzania lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +118.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mauritius ($X), Namibia ($X) and Zimbabwe ($X) appeared to be the largest markets for tennis and badminton rackets exported from South Africa worldwide, together accounting for 48% of total exports. Botswana, Zambia, Australia, the United States, Malawi, Lesotho, Mozambique, Ghana, Uganda and Tanzania lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Australia, with a CAGR of +125.1%, recorded the highest growth rate of 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

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, jumping by 29% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 43%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while the average price for exports to Tanzania ($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 Mauritius (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into South Africa

In 2022, approx. X units of tennis, badminton or similar rackets were imported into South Africa; waning by -10.4% on 2021 figures. Over the period under review, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2017 when imports increased by 62%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to South Africa, accounting for a 89% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.0% per year) and Myanmar (+57.0% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to South Africa, comprising 83% of total imports. The second position in the ranking was held by Myanmar ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+54.6% per year) and Taiwan (Chinese) (+1.5% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, growing by 93% against the previous year. Over the period under review, the import price posted a measured increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Myanmar ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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