Tanzania: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Tanzania

The Tanzanian tennis and badminton rackets market surged to $X in 2022, increasing by 408% 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 showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Tanzania

In 2022, shipments abroad of tennis, badminton or similar rackets increased by 162% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 206% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tennis and badminton rackets exports soared to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 177% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for tennis and badminton rackets exports from Tanzania, with a 66% share of total exports. Moreover, tennis and badminton rackets exports to the United States exceeded the volume sent to the second major destination, the UK (X units), sixfold. The third position in this ranking was held by India (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.2% per year) and India (+121.2% per year).

In value terms, the UK ($X), Democratic Republic of the Congo ($X) and the United States ($X) were the largest markets for tennis and badminton rackets exported from Tanzania worldwide, with a combined 61% share of total exports. India and Germany lagged somewhat behind, together comprising a further 6.8%.

In terms of the main countries of destination, India, with a CAGR of +140.2%, saw 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

The average tennis and badminton rackets export price stood at $X per unit in 2022, declining by -27.3% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($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 South Africa (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Tanzania

In 2022, approx. X units of tennis, badminton or similar rackets were imported into Tanzania; with an increase of 343% compared with the previous year's figure. Over the period under review, imports continue to indicate resilient growth. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, imports continue to indicate prominent growth. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Switzerland (X units), China (X units) and Indonesia (X units) were the main suppliers of tennis and badminton rackets imports to Tanzania, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +136.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Switzerland ($X) and Indonesia ($X) were the largest tennis and badminton rackets suppliers to Tanzania, together comprising 92% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +148.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, increasing by 10% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tennis and badminton rackets import price decreased by -20.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 60%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform