Turkey: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Turkey

In 2022, the Turkish tennis and badminton rackets market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption saw a modest expansion. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports from Turkey

After two years of growth, shipments abroad of tennis, badminton or similar rackets decreased by -86.5% to X units in 2022. Overall, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 330% against the previous year. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, tennis and badminton rackets exports contracted remarkably to $X in 2022. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 502% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Cyprus (X units), Somalia (X units) and Iraq (X units) were the main destinations of tennis and badminton rackets exports from Turkey, with a combined 62% share of total exports. Greece, Bosnia and Herzegovina, Kyrgyzstan, Malta, Marshall Islands, Liberia, Azerbaijan, Libya, Turkmenistan and North Macedonia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +229.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from Turkey, comprising 44% of total exports. The second position in the ranking was taken by Somalia ($X), with a 13% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+138.9% per year) and Greece (-16.5% per year).

Export Prices by Country

In 2022, the average tennis and badminton rackets export price amounted to $X per unit, jumping by 42% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 58% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Malta ($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 Bosnia and Herzegovina (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into Turkey

In 2022, after four years of decline, there was significant growth in overseas purchases of tennis, badminton or similar rackets, when their volume increased by 124% to X units. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +106.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of tennis and badminton rackets to Turkey, accounting for a 93% share of total imports. It was followed by Myanmar (X units), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to Turkey, comprising 93% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.5%.

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, waning by -25.6% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 52% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then contracted rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%).

Source: IndexBox Platform

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