Which Country Exports the Most Golf Clubs and Golf Equipment in the World?

IndexBox has just published a new report "World: Golf Clubs And Other Golf Equipment - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of golf equipment amounted to 5.5M tonnes, picking up by 2% against the previous year figure. The total import volume increased at an average annual rate of +1.4% over the period from 2007 to 2016- the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010, when import increased by 7% against the previous year level. Over the period under review, global golf equipment imports reached its maximum volume in 2016, and are expected to retain its growth in the near future.

In value terms, golf equipment imports amounted to $24B in 2016. The total import value increased at an average annual rate of +1.2% over the period from 2007 to 2016- the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, global golf equipment imports attained its maximum level of $25B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Golf Equipment Importing Countries in the World

1. USA (6.1 billion USD)

2. Germany (1.4 billion USD)

3. United Kingdom (1.3 billion USD)

4. Japan (1.3 billion USD)

5. France (1.1 billion USD)

6. Canada (1.1 billion USD)

7. Netherlands (0.7 billion USD)

8. Spain (0.6 billion USD)

9. China (0.6 billion USD)

10. Australia (0.6 billion USD)

11. Belgium (0.5 billion USD)

12. Czech Republic (0.2 billion USD)

Golf Equipment Imports By Country

In 2016, China (2.3M tonnes) was the key importer for golf equipment, generating 41% of total imports. It was distantly followed by the U.S. (593K tonnes), achieving 11% share of total golf equipment imports. The following importers - the UK (234K tonnes), Germany (203K tonnes), France (185K tonnes), Czech Republic (145K tonnes), Australia (122K tonnes), Spain (109K tonnes), Canada (102K tonnes), the Netherlands (102K tonnes), Japan (94K tonnes), and Belgium (90K tonnes) together made up 25% of total imports.

China experienced a relatively flat trend pattern. At the same time, Czech Republic (+18.2%), the U.S. (+5.7%), the Netherlands (+5.6%), Spain (+3.4%), Germany (+3.0%), Canada (+2.4%), and Australia (+1.5%) displayed positive paces of growth. Moreover, Czech Republic emerged as the fastest growing importer/exporter in the world, with a CAGR of +18.2% from 2007-2016. France, and Japan experienced a relatively flat trend pattern. By contrast, the UK (-2.0%), and Belgium (-2.3%) illustrated a downward trend over the same period. While the share of Czech Republic (-2.0%), and the U.S. (-4.3%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($6.1B) constitutes the largest market for imported golf equipment worldwide, making up 25% of global imports. The second position in the ranking was occupied by Germany ($1.4B), with the share of 6% of global imports. It was followed by the UK, with the share of 6%.

From 2007 to 2016, the average annual growth rate of value of golf equipment imports in the U.S. expanded at +0.7%. In the other countries, the average annual rates were as follows: Germany (+4.5% per year) and the UK (-1.4% per year).

Golf Equipment Import Prices By Country

The average golf equipment import price stood at $4,334 per tonne in 2016, falling by -3.4% against the previous year. Overall, golf equipment import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when import price increased by 7% year-to-year. Over the period under review, average golf equipment import price attained its maximum level of $4,643 per tonne in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was Japan ($14 per kg), while China ($253 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of golf equipment import prices was attained by China (+5.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global golf equipment market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• golf equipment market share
• golf equipment prices
• golf equipment industry
• golf equipment sales
• golf equipment import
• golf equipment export
• golf equipment market forecast
• golf equipment price forecast
• key golf equipment producers

All data provided in this article covers the following product: HS Code 9506 - Gymnastics, athletics, other sports (including table tennis) or outdoor games equipment, n.e.c. in this chapter, swimming pools and paddling pools.

Source: World: Golf Clubs And Other Golf Equipment - Market Report. Analysis and Forecast to 2025