Golf Balls Price in Mexico - 2023

Golf Balls Price in Mexico (CIF) - 2023

In June 2023, the average golf balls import price amounted to $1.4 per unit, with a decrease of -57.8% against the previous month. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 104% m-o-m. As a result, import price reached the peak level of $3.3 per unit, and then plummeted in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1.7 per unit), while the price for China ($887 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the prices for the other major suppliers experienced a decline.

Golf Balls Price in Mexico (FOB) - 2023

In April 2023, the average golf balls export price amounted to $5.7 per unit, shrinking by -76.3% against the previous month. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in October 2022 an increase of 193% month-to-month. Over the period under review, the average export prices reached the peak figure at $56.1 per unit in February 2023; however, from March 2023 to April 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From April 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +10.0% per month.

Golf Balls Imports in Mexico

Golf balls imports into Mexico surged to 9.6M units in 2022, increasing by 38% compared with the previous year's figure. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, golf balls imports skyrocketed to $16M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Golf Balls in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	2.4	2.7	5.2	7.4	45.5%
United States	3.6	3.2	4.8	6.9	24.2%
China	1.7	0.4	1.2	1.5	-4.1%
Others	0.3	0.2	0.2	0.3	0.0%
Total	7.9	6.5	11.4	16.2	27.0%

Top Suppliers of Golf Balls to Mexico in 2022:

Taiwan (Chinese) (0.7M units)
United States (0.3M units)
China (0.2M units)

Golf Balls Exports in Mexico

Golf balls exports from Mexico was estimated at 3.2M units in 2022, remaining relatively unchanged against 2021. In general, exports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 48%. Over the period under review, the exports reached the maximum at 3.4M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, golf balls exports amounted to $9.3M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +67.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.