The per capita value of Lawn-Tennis Rackets in Russia shows a declining trend from 2013, with a high of $0.046 in 2013 to a lower and consistent value of $0.029 from 2022 to 2023. The market has experienced a gradual decrease over the last decade, with the exception of minor fluctuations in 2021. Specifically, the market value saw a slight resurgence in 2021 followed by stabilization in 2022 and 2023.
Variations: The year-on-year change from 2022 to 2023 was stagnant at 0.0%. For the period from 2019 to 2023, the compound annual growth rate (CAGR) was approximately -1.80% annually, reflecting a consistent downward trajectory.
Future trends to watch for:
- The influence of economic conditions on consumer spending and the leisure market in Russia.
- Potential changes in consumer preferences towards recreational sports and activities.
- Innovation and product diversification in the lawn-tennis market that could revive consumer interest.
- The impact of international events and trade relations on import and pricing strategies.
