Spain: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Spain

The Spanish tennis and badminton rackets market dropped markedly to $X in 2022, with a decrease of -97.1% 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). In general, consumption faced a sharp slump. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Spain

In 2022, the amount of tennis, badminton or similar rackets exported from Spain surged to X units, picking up by 130% on the previous year. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 193%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, tennis and badminton rackets exports soared to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 191%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units), Italy (X units) and Sweden (X units) were the main destinations of tennis and badminton rackets exports from Spain, together accounting for 51% of total exports. Portugal, the Netherlands, Chile, Germany, Kuwait, Denmark, the United Arab Emirates, Argentina, Belgium and Ireland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +197.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) were the largest markets for tennis and badminton rackets exported from Spain worldwide, together comprising 48% of total exports. Sweden, Germany, the Netherlands, the United Arab Emirates, Chile, Belgium, Kuwait, Denmark, Argentina and Ireland lagged somewhat behind, together accounting for a further 36%.

Ireland, with a CAGR of +186.6%, recorded the highest rates of growth with regard to 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, which is down by -24.7% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2020 when the average export price increased by 4.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Argentina ($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 Belgium (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Spain

Tennis and badminton rackets imports into Spain fell modestly to X units in 2022, which is down by -1.6% compared with the previous year. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 122%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 100%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tennis and badminton rackets to Spain, with a 72% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), sevenfold. The third position in this ranking was taken by Morocco (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+16.4% per year) and Morocco (+88.2% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Spain, comprising 78% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+16.6% per year) and Taiwan (Chinese) (+27.8% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, growing by 67% against the previous year. In general, the import price, however, continues to indicate a slight decline. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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