Report Update Nov 1, 2024

Sri Lanka - Tennis, Badminton or Similar Rackets - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan tennis and badminton rackets market, when its value decreased by -61.7% to $X. Over the period under review, consumption recorded a abrupt setback. Tennis and badminton rackets consumption peaked at $X in 2021, and then shrank notably in the following year.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Sri Lanka

In 2022, overseas shipments of tennis, badminton or similar rackets were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2018 with an increase of 1,705% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports shrank significantly to $X in 2022. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 1,052%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X units) was the main destination for tennis and badminton rackets exports from Sri Lanka, with a 65% share of total exports. Moreover, tennis and badminton rackets exports to Pakistan exceeded the volume sent to the second major destination, Italy (X units), threefold. The third position in this ranking was taken by Switzerland (X units), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Switzerland (+17.1% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from Sri Lanka, comprising 46% of total exports. The second position in the ranking was taken by Italy ($X), with a 21% share of total exports. It was followed by Switzerland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Switzerland (-12.0% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, declining by -83.2% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 113%. The export price peaked at $X per unit in 2014; however, from 2015 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 Maldives ($X per unit), while the average price for exports to Sweden ($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 Germany (+86.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Sri Lanka

In 2022, purchases abroad of tennis, badminton or similar rackets decreased by -49% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 41%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tennis and badminton rackets imports reduced sharply to $X in 2022. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 44% against the previous year. Imports peaked at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main tennis and badminton rackets supplier to Sri Lanka, with a 98% share of total imports. It was followed by Singapore (X units), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -1.8%.

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Sri Lanka, comprising 80% of total imports. The second position in the ranking was held by Singapore ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -11.1%.

Import Prices by Country

The average tennis and badminton rackets import price stood at $X per unit in 2022, shrinking by -50.8% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of 37%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tennis, badminton or similar rackets in the world?

China remains the largest tennis and badminton rackets consuming country worldwide, comprising approx. 38% of total volume. Moreover, tennis and badminton rackets consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Japan, with a 4.9% share.

What are the largest producers of tennis, badminton or similar rackets in the world?

The country with the largest volume of tennis and badminton rackets production was China, comprising approx. 90% of total volume. Moreover, tennis and badminton rackets production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold.

What are the leading suppliers of tennis, badminton or similar rackets to Sri Lanka?

In value terms, China constituted the largest supplier of tennis and badminton rackets to Sri Lanka, comprising 59% of total imports. The second position in the ranking was occupied by Singapore, with a 13% share of total imports. It was followed by Malaysia, with a 6.7% share.

What are the leading importers of tennis, badminton or similar rackets from Sri Lanka?

In value terms, Pakistan remains the key foreign market for tennis and badminton rackets exports from Sri Lanka, comprising 37% of total exports. The second position in the ranking was occupied by the United Arab Emirates $632), with a 14% share of total exports. It was followed by Iceland, with a 13% share.

What is the average export price for tennis, badminton or similar rackets in Sri Lanka?

In 2021, the average tennis and badminton rackets export price amounted to $18 per unit, increasing by 131% against the previous year.

What is the average import price for tennis, badminton or similar rackets in Sri Lanka?

The average tennis and badminton rackets import price stood at $15 per unit in 2021, with an increase of 84% against the previous year.

This report provides an in-depth analysis of the market for tennis and badminton rackets in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301560 - Tennis, badminton or similar rackets, whether or not strung

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023