Golf Balls Price in Hong Kong SAR - 2023
Contents:
- Golf Balls Price in Hong Kong SAR (FOB) - 2022
- Golf Balls Price in Hong Kong SAR (CIF) - 2022
- Golf Balls Exports in Hong Kong SAR
- Golf Balls Imports in Hong Kong SAR
Golf Balls Price in Hong Kong SAR (FOB) - 2022
The average golf balls export price stood at $1.4 per unit in 2022, declining by -8.7% against the previous year. In general, the export price saw a mild curtailment. The growth pace was the most rapid in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $1.8 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($18 per unit) and China ($18 per unit), while the average price for exports to the United States ($18 per unit) and Japan ($18 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Balls Price in Hong Kong SAR (CIF) - 2022
The average golf balls import price stood at $1.2 per unit in 2022, picking up by 87% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $1.4 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($17 per unit) and Taiwan (Chinese) ($17 per unit), while the price for Indonesia ($17 per unit) and Japan ($17 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Exports in Hong Kong SAR
After three years of growth, shipments abroad of golf ballses decreased by -62.9% to 1.3M units in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. The exports peaked at 3.6M units in 2021, and then contracted sharply in the following year.
In value terms, golf balls exports dropped markedly to $1.9M in 2022. Overall, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 14%. The exports peaked at $5.6M in 2021, and then contracted sharply in the following year.
| Export of Golf Balls in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,463 | 1,145 | 1,581 | 840 | -16.9% |
| Taiwan (Chinese) | 2,350 | 2,612 | 2,371 | 595 | -36.7% |
| Canada | 26.8 | 98.4 | 108 | 181 | 89.0% |
| United Kingdom | 500 | 764 | 1,193 | 171 | -30.1% |
| Japan | 18.9 | 42.1 | 17.3 | 43.9 | 32.4% |
| United States | 306 | 111 | 80.5 | 22.2 | -58.3% |
| Others | 41.4 | 600 | 262 | 49.0 | 5.8% |
| Total | 4,706 | 5,372 | 5,612 | 1,901 | -26.1% |
Top Export Markets for Golf Balls from Hong Kong SAR in 2022:
- China (46.5K units)
- Taiwan (Chinese) (32.9K units)
- Canada (10.0K units)
- United Kingdom (9.5K units)
- Japan (2.4K units)
- United States (1.2K units)
Golf Balls Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas purchases of golf ballses, when their volume decreased by -78.2% to 1.7M units. Over the period under review, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 99%. As a result, imports attained the peak of 8M units, and then declined markedly in the following year.
In value terms, golf balls imports shrank sharply to $2.2M in 2022. Overall, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports attained the peak of $5.3M, and then reduced markedly in the following year.
| Import of Golf Balls in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2,134 | 2,054 | 2,176 | 707 | -30.8% |
| United States | 1,463 | 912 | 1,246 | 647 | -23.8% |
| Taiwan (Chinese) | 231 | 375 | 729 | 348 | 14.6% |
| China | 1,084 | 991 | 892 | 289 | -35.6% |
| Japan | 59.7 | 35.1 | 33.9 | 68.2 | 4.5% |
| Indonesia | 51.6 | 33.9 | 35.8 | 32.7 | -14.1% |
| South Korea | 142 | 170 | 166 | 29.6 | -40.7% |
| Others | 43.7 | 12.2 | 11.1 | 29.8 | -12.0% |
| Total | 5,208 | 4,583 | 5,290 | 2,152 | -25.5% |
Top Suppliers of Golf Balls to Hong Kong SAR in 2022:
- Thailand (42.7K units)
- United States (39.1K units)
- Taiwan (Chinese) (21.0K units)
- China (17.5K units)
- Japan (4.1K units)
- Indonesia (2.0K units)
- South Korea (1.8K units)
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