United Arab Emirates: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in the United Arab Emirates

In 2022, the tennis and badminton rackets market in the United Arab Emirates increased by 29% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Tennis, Badminton Or Similar Rackets

Exports from the United Arab Emirates

In 2022, the amount of tennis, badminton or similar rackets exported from the United Arab Emirates reduced markedly to X units, which is down by -21.7% against the previous year. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 116%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports fell significantly to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 172% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X units), Fiji (X units) and Portugal (X units) were the main destinations of tennis and badminton rackets exports from the United Arab Emirates, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +112.3%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for tennis, badminton or similar rackets exports from the United Arab Emirates, comprising 26% of total exports. The second position in the ranking was taken by Georgia ($X), with a 9.7% share of total exports. It was followed by Fiji, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled +116.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-0.5% per year) and Fiji (0.0% per year).

Export Prices by Country

The average tennis and badminton rackets export price stood at $X per unit in 2022, dropping by -45.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 46%. The export price peaked at $X per unit in 2019; however, from 2020 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 Portugal ($X per unit), while the average price for exports to Georgia ($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 Singapore (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tennis, Badminton Or Similar Rackets

Imports into the United Arab Emirates

In 2022, overseas purchases of tennis, badminton or similar rackets increased by 19% to X units, rising for the second year in a row after two years of decline. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 247%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 208% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest tennis and badminton rackets supplier to the United Arab Emirates, accounting for a 42% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+76.1% per year) and Hong Kong SAR (+3.6% per year).

In value terms, China ($X), Spain ($X) and Hong Kong SAR ($X) appeared to be the largest tennis and badminton rackets suppliers to the United Arab Emirates, with a combined 53% share of total imports.

Spain, with a CAGR of +69.4%, recorded the highest growth rate of the value of imports, among the main suppliers 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, surging by 9.7% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 increased by +70.4% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Mauritius ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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