The table tennis equipment market in Canada has experienced moderate fluctuations over the last decade. Starting from a value of $15.791 million in 2012, the market saw a slight decline in 2013 before picking up momentum and generally rising until 2019, reaching a peak value of $20.119 million in 2018. A significant dip occurred in 2020, likely due to the COVID-19 pandemic, with the value dropping to $16.832 million. Recovery followed, with the market reaching a new high of $20.899 million by 2022, indicating strong resilience.
The year-on-year variation has depicted diverse trends, ranging from a substantial decline of -15.67% in 2020 to a robust growth of 12.77% in 2022. Over the last two years, the market bounced back with an average growth of around 11.44%. The compound annual growth rate (CAGR) over the last five years stands at a modest 2.22%, suggesting steady growth despite the volatility.
- Significant decline in 2020 (-15.67%) followed by recovery in 2021 and 2022 (10.11% and 12.77% respectively).
- Recent trends indicate resilience with the market achieving a new high in 2022.
Future trends to watch for include technological advancements in table tennis equipment, increasing popularity of the sport, and potential impacts of new health and wellness trends. Additionally, anticipating changes in consumer behavior and economic conditions in a post-pandemic world will be crucial for market predictions in 2024 and beyond.
How does Canada rank in Table Tennis Equipments Market Size Value?
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 443,980,000 | 2023 | +1.18% | +1.34% | View data |
| 2 | 2 Japan | 201,300,000 | 2023 | +1.05% | +1.06% | View data |
| 3 | 3 France | 90,989,000 | 2023 | +0.017% | +0.24% | View data |
| 4 | 4 Germany | 67,744,000 | 2023 | +0.51% | +0.84% | View data |
| 5 | 5 South Korea | 63,263,000 | 2023 | +2.27% | +1.98% | View data |
| 6 | 6 United Kingdom | 40,765,000 | 2023 | +0.68% | +0.45% | View data |
| 7 | 7 Australia | 31,260,000 | 2023 | +0.48% | +1.23% | View data |
| 8 | 8 Canada | 21,200,000 | 2023 | +1.44% | +1.05% | |
| 9 | 9 Italy | 18,891,000 | 2023 | -5.11% | -4.84% | View data |
| 10 | 10 Sweden | 11,886,000 | 2023 | -1.01% | -1.23% | View data |
