Global Ball Market 2024

Ball Market Size

In 2022, the global ball market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption, however, continues to indicate a mild downturn. Over the period under review, the global market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Ball Production

In value terms, ball production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, global production growth remained at a lower figure.

Ball Exports

Exports

In 2022, shipments abroad of balls increased by 28% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 94% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, ball exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near 67% of total exports in 2022. Thailand (X units) held a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (5.3%). The following exporters - Pakistan (X units), Germany (X units) and Vietnam (X units) - together made up 7.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ball exports from China stood at +1.4%. At the same time, the Netherlands (+14.2%), Pakistan (+7.7%), Vietnam (+7.7%), Thailand (+3.4%) and Germany (+1.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.2% from 2012-2022. From 2012 to 2022, the share of the Netherlands and Pakistan increased by +3.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ball supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by Pakistan ($X), with a 13% share of global exports. It was followed by Thailand, with a 6.9% share.

In China, ball exports expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+9.1% per year) and Thailand (+1.9% per year).

Export Prices by Country

The average ball export price stood at $X per unit in 2022, with an increase of 8.1% against the previous year. Overall, the export price posted a mild expansion. The pace of growth appeared the most rapid in 2016 an increase of 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.3%), while the other global leaders experienced more modest paces of growth.

Ball Imports

Imports

Global ball imports soared to X units in 2022, with an increase of 23% compared with 2021 figures. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importer of balls in the world, with the volume of imports reaching X units, which was approx. 25% of total imports in 2022. The Netherlands (X units) held the second position in the ranking, followed by France (X units) and Germany (X units). All these countries together took approx. 19% share of total imports. The following importers - South Korea (X units), Malaysia (X units), the UK (X units), Japan (X units), Spain (X units), Brazil (X units), Vietnam (X units), India (X units) and Italy (X units) - together made up 25% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ball imports into the United States stood at +2.4%. At the same time, Vietnam (+21.9%), India (+16.3%), the Netherlands (+11.0%), France (+4.7%), Malaysia (+2.9%), Spain (+2.9%), Germany (+2.1%), Italy (+1.9%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +21.9% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Japan (-3.2%) and Brazil (-6.3%) illustrated a downward trend over the same period. The Netherlands (+4.5 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Japan and Brazil saw its share reduced by -2% and -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported balls worldwide, comprising 25% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of global imports. It was followed by France, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +3.8%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and France (+4.9% per year).

Import Prices by Country

The average ball import price stood at $X per unit in 2022, increasing by 8.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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