Since 2012, the lawn-tennis balls market in Australia has shown fluctuating but overall positive growth, experiencing a series of minor ups and downs. The market saw a slight dip in 2015 and 2016 before rebounding in subsequent years. The most recent data points to a 0.68% increase from 2021 to 2022. Specifically, the market grew from $26.093 million in 2012 to $27.975 million in 2022, reflecting a steady demand for lawn-tennis balls.
The last two years evidenced growth, with a year-on-year increase of 6% in 2021 and 0.68% in 2022. The compound annual growth rate (CAGR) over the last five years stands at 1.08%. The year 2023 continues this trend, with the value standing at around $28.2 million, reflecting the market's resilience and potential for future growth.
Future trends to watch for include technological advancements in manufacturing, increased participation in tennis at grassroots levels, and potential shifts in consumer preferences towards eco-friendly products. Additionally, the upcoming international sporting events and tournaments may further stimulate market growth.
How does Australia 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% | View data |
| 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 |
| 6 | 6 United Kingdom | 45,772,000 | 2023 | +0.48% | +0.51% | View data |
| 7 | 7 Italy | 30,969,000 | 2023 | +5.18% | +5.18% | View data |
| 8 | 8 Australia | 28,159,000 | 2023 | +0.66% | +0.44% | |
| 9 | 9 Canada | 15,746,000 | 2023 | +0.077% | +1.45% | View data |
| 10 | 10 Sweden | 14,308,000 | 2023 | +3.36% | +3.95% | View data |
