China - Golf Clubs And Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGolf Equipment Price in China - 2023
Contents:
- Golf Equipment Price in China (FOB) - 2022
- Golf Equipment Price in China (CIF) - 2022
- Golf Equipment Exports in China
- Golf Equipment Imports in China
Golf Equipment Price in China (FOB) - 2022
The average golf equipment export price stood at $5,801 per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2014 an increase of 29% against the previous year. As a result, the export price attained the peak level of $6,666 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($123,670 per ton), while the average price for exports to the Netherlands ($20,807 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Equipment Price in China (CIF) - 2022
The average golf equipment import price stood at $19,521 per ton in 2022, increasing by 40% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf equipment import price increased by +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 41%. The import price peaked at $22,788 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($105,604 per ton), while the price for South Korea ($28,688 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Equipment Exports in China
In 2022, the amount of golf clubs and other golf equipment exported from China skyrocketed to 328K tons, picking up by 15% against the previous year's figure. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, golf equipment exports soared to $1.9B in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 71%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Golf Equipment in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 293 | 315 | 573 | 622 | 28.5% |
Japan | 259 | 261 | 411 | 481 | 22.9% |
United Kingdom | 81.3 | 84.0 | 161 | 183 | 31.1% |
Mexico | 102 | 84.9 | 191 | 180 | 20.8% |
South Korea | 38.7 | 52.7 | 85.7 | 127 | 48.6% |
Vietnam | 14.8 | 24.2 | 48.2 | 63.0 | 62.1% |
Canada | 24.6 | 38.9 | 51.2 | 50.7 | 27.3% |
Australia | 16.1 | 23.4 | 36.5 | 47.7 | 43.6% |
Netherlands | 3.0 | 5.2 | 14.3 | 16.6 | 76.9% |
Others | 125 | 73.7 | 70.9 | 133 | 2.1% |
Total | 957 | 963 | 1,642 | 1,905 | 25.8% |
Top Export Markets for Golf Equipment from China in 2022:
- United States (20.0K tons)
- Japan (5.7K tons)
- South Korea (5.3K tons)
- United Kingdom (4.1K tons)
- Canada (1.8K tons)
- Mexico (1.5K tons)
- Vietnam (1.3K tons)
- Australia (1.2K tons)
- Netherlands (0.8K tons)
Golf Equipment Imports in China
In 2022, the amount of golf clubs and other golf equipment imported into China declined notably to 18K tons, falling by -17.7% against the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of 22K tons, and then declined sharply in the following year.
In value terms, golf equipment imports amounted to $358M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
Import of Golf Equipment in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 35.0 | 33.4 | 50.8 | 68.8 | 25.3% |
Vietnam | 12.9 | 14.8 | 30.5 | 33.0 | 36.8% |
Thailand | 12.4 | 10.4 | 18.0 | 18.9 | 15.1% |
United States | 6.8 | 6.5 | 10.2 | 12.6 | 22.8% |
South Korea | 1.1 | 0.6 | 1.1 | 1.8 | 17.8% |
Taiwan (Chinese) | 121 | N/A | N/A | N/A | 0% |
Others | 3.6 | 114 | 201 | 223 | 295.7% |
Total | 193 | 180 | 312 | 358 | 22.9% |
Top Suppliers of Golf Equipment to China in 2022:
- Japan (0.7K tons)
- Vietnam (0.6K tons)
- Thailand (0.5K tons)
- United States (0.3K tons)
- South Korea (0.1K tons)
This report provides an in-depth analysis of the golf equipment market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301530 - Golf clubs and other golf equipment (including golf balls)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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