The Badminton Rackets Market in Thailand has experienced notable shifts over the past decade. From 2012 to 2015, the market saw consistent growth, peaking at $16.285 million in 2015. However, from 2016 onwards, the market faced a downturn with a significant drop in 2016 by 9.57% and continuous declines till 2020, reaching $12.73 million. While there was a slight recovery in 2021 with a 1.04% increase, overall the market size decreased by 0.55% in 2022, illustrating an average annual shrinkage (CAGR) of -1.62% over the last five years.
Future trends to watch for:
