The Lawn-Tennis Balls Market in China has experienced notable fluctuations over the past 12 years, with market size values showing peaks and troughs. The market size in 2012 was $132.82 million, rising to $204.35 million in 2016 before experiencing a downturn to $167.84 million by 2020. The compound annual growth rate (CAGR) over the past five years was -1.48%, indicating a slight average decline. Following a period of growth until 2016, the market has seen variations in growth rates, including a significant drop in 2020 and a minor recovery in subsequent years.
In 2023, the market size stood at an estimated value of approximately $178.32 million. Year-on-year variations over the last two years indicated a mixed trend with a slight increase in 2021 and almost negligible change in 2022.
Future trends to watch for include potential market recovery driven by increased sports participation post-pandemic, technological advancements in sports equipment, and the impact of international sporting events hosted in China, which could drive demand for lawn-tennis balls.
How does China rank in Lawn-Tennis Balls Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 419,610,000 | 2023 | -0.12% | +0.33% | View data |
| 2 | 2 China | 230,390,000 | 2023 | +5.93% | +4.31% | |
| 3 | 3 Japan | 107,930,000 | 2023 | -1.46% | -0.28% | View data |
| 4 | 4 France | 96,939,000 | 2023 | +0.15% | +0.32% | View data |
| 5 | 5 Germany | 79,739,000 | 2023 | +0.82% | +0.46% | View data |
