Southern Asia: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Southern Asia

The South Asian table-tennis equipment market expanded markedly to $X in 2022, increasing by 9.5% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +53.9% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Table-Tennis Equipment Production in Southern Asia

In value terms, table-tennis equipment production rose rapidly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Table-Tennis Equipment Exports

Exports in Southern Asia

In 2022, approx. X tons of articles and equipment for table-tennis were exported in Southern Asia; waning by -59.3% against the previous year's figure. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 2,680% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, table-tennis equipment exports fell remarkably to $X in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,102% against the previous year. The level of export peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

India prevails in exports structure, finishing at X tons, which was approx. 98% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the articles and equipment for table-tennis exports, with a CAGR of +25.3% from 2012 to 2022. At the same time, Pakistan (+7.0%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +6.4 percentage points.

In value terms, India ($X) remains the largest table-tennis equipment supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.4% share of total exports.

In India, table-tennis equipment exports expanded at an average annual rate of +21.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by -7.7% against the previous year. In general, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2019 an increase of 36%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+10.0%).

Table-Tennis Equipment Imports

Imports in Southern Asia

In 2022, overseas purchases of articles and equipment for table-tennis increased by 26% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 64% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, table-tennis equipment imports skyrocketed to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 65%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 81% of total imports in 2022. It was distantly followed by Bangladesh (X tons), constituting a 7.8% share of total imports. Sri Lanka (X tons), Pakistan (X tons), Nepal (X tons) and Maldives (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the articles and equipment for table-tennis imports, with a CAGR of +7.6% from 2012 to 2022. At the same time, Maldives (+7.3%), Nepal (+4.9%) and Bangladesh (+1.2%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +12 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported articles and equipment for table-tennis in Southern Asia, comprising 85% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 5.5% share of total imports. It was followed by Pakistan, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.2%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.2% per year) and Pakistan (-1.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by 2.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 23%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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 India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :