Western Africa: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in Western Africa

The West African tennis and badminton rackets market soared to $X in 2022, rising by 61% against the previous year. Over the period under review, consumption enjoyed resilient growth. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Tennis, Badminton Or Similar Rackets in Western Africa

In value terms, tennis and badminton rackets production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Tennis, Badminton Or Similar Rackets

Exports in Western Africa

In 2022, exports of tennis, badminton or similar rackets in Western Africa soared to X units, picking up by 28% compared with the previous year's figure. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 273%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tennis and badminton rackets exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 83% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X units) and Nigeria (X units) were the largest exporters of tennis, badminton or similar rackets in Western Africa, together accounting for approx. 62% of total exports. Senegal (X units) ranks next in terms of the total exports with an 18% share, followed by Togo (11%) and Ghana (8.8%).

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +36.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest tennis and badminton rackets supplier in Western Africa, comprising 52% of total exports. The second position in the ranking was taken by Senegal ($X), with a 24% share of total exports. It was followed by Nigeria, with an 18% share.

In Cote d'Ivoire, tennis and badminton rackets exports increased at an average annual rate of +40.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+19.5% per year) and Nigeria (-3.5% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, declining by -6.7% against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of 106% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tennis, Badminton Or Similar Rackets

Imports in Western Africa

For the third year in a row, Western Africa recorded growth in overseas purchases of tennis, badminton or similar rackets, which increased by 35% to X units in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, tennis and badminton rackets imports soared to $X in 2022. Over the period under review, imports posted resilient growth. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Senegal (X units), Nigeria (X units), Ghana (X units), Sierra Leone (X units) and Cote d'Ivoire (X units) represented roughly 92% of total imports in 2022. Cabo Verde (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tennis and badminton rackets importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined 71% share of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +19.1%, 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 import price in Western Africa amounted to $X per unit, picking up by 26% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2015 when the import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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