From 2013 to 2023, the badminton rackets market size value per capita in Bosnia and Herzegovina demonstrated a gradual upward trend. In 2023, the market value reached $0.093 per capita, reflecting a moderate increase from $0.076 in 2013. Notably, the market recovered from a dip in 2020, likely due to the COVID-19 pandemic, and sustained growth through 2022.
Recent analysis shows a 1.09% year-on-year growth from 2022 to 2023, and a 5-year compound annual growth rate (CAGR) of 1.45%, indicating steady demand and market expansion.
Future trends to watch for include the impact of increased health awareness and sports participation, which could bolster demand, as well as potential economic fluctuations affecting discretionary spending on sports equipment. Observing technological advances in racket design and environmental sustainability trends could also offer insights into market dynamics moving forward.
| # | 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 | ||
| 17 | 17 Slovakia | 0.19 | 2023 | View data | ||
| 18 | 18 Thailand | 0.18 | 2023 | View data | ||
| 19 | 19 Bosnia and Herzegovina | 0.093 | 2023 | |||
| 20 | 20 Philippines | 0.06 | 2023 | View data | ||
| 21 | 21 Morocco | 0.013 | 2023 | View data | ||
