The Badminton Rackets Market Size Value Per Capita in South Korea has demonstrated a fluctuating trend over the years, with values peaking in 2014 at $1.08 and experiencing a gradual decline to $0.68 in 2023. The year-on-year variation from 2022 to 2023 was approximately -1.45%. Analyzing the past five years, the market experienced a compound annual growth rate (CAGR) of -0.44%, indicating a continuous decrease in value. This suggests a waning interest or changes in consumer spending habits related to badminton in South Korea.
Looking ahead, future trends to monitor include potential shifts in consumer preferences, the impact of emerging technologies in equipment manufacturing, and increased sports participation post-COVID-19. The market could also be influenced by increased promotional activities and heightened competition between brands.
| # | 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 | |||
| 6 | 6 Belgium | 0.67 | 2023 | View data | ||
| 7 | 7 Austria | 0.61 | 2023 | View data | ||
