The Lawn-Tennis Rackets Market in Chile has experienced continuous growth with some fluctuations from 2012 to 2022. Starting at USD 5.6723 million in 2012, the market saw several minor drops particularly in 2013 and 2020. Significant growth years were marked in 2018 with a 9.15% increase and 2021 with a 6.72% rise. From 2018 to 2022, the market showcased a robust Compound Annual Growth Rate (CAGR) of 2.82%. The value in 2023, being the first forecasted year, is reflective of previous growth trends. The five-year CAGR echoes sustainable growth with anticipation for future increments.
- 2018: 9.15% Year-on-Year increase, 2.8% CAGR
- 2019: 2.01% Year-on-Year increase, 3.03% CAGR
- 2020: -4.55% Year-on-Year decrease, 1.91% CAGR
- 2021: 6.72% Year-on-Year increase, 2.89% CAGR
- 2022: 1.33% Year-on-Year increase, 2.82% CAGR
By 2024, the market is projected to continue its upward trajectory driven by growing interest in lawn tennis and increased consumer spending on high-quality athletic gear. Future trends to watch include technological advancements in racket materials, growth of tennis academies, and the influence of professional tennis events on consumer behavior.
