The Badminton Rackets Market in New Zealand has experienced a declining trajectory from 2013 to 2023, dropping from $0.69 to $0.36 USD per capita. The year-on-year percentage change in 2023 showed a 7.7% decrease from 2022, reflecting a consistent downward trend. Over the last five years, the compound annual growth rate (CAGR) has been approximately -3.2%, indicating an overall decline in market value per capita.
Future trends to watch for include a potential stabilization in market demand, driven by emerging interest in recreational sports and possible investments in badminton promotion. Monitoring shifts in consumer behavior and sports culture could inform strategies to counteract the recent declines.
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 1.04 | 2023 | View data | ||
| 2 | 2 Japan | 0.94 | 2023 | View data | ||
| 3 | 3 Norway | 0.79 | 2023 | View data | ||
| 4 | 4 United Kingdom | 0.77 | 2023 | View data | ||
| 5 | 5 South Korea | 0.68 | 2023 | View data | ||
| 10 | 10 Switzerland | 0.48 | 2023 | View data | ||
| 11 | 11 Australia | 0.38 | 2023 | View data | ||
| 12 | 12 New Zealand | 0.36 | 2023 | |||
| 13 | 13 Portugal | 0.34 | 2023 | View data | ||
| 14 | 14 Hungary | 0.24 | 2023 | View data | ||
