Golf Balls Price in India - 2023

Golf Balls Price in India (CIF) - 2022

In 2022, the average golf balls import price amounted to $0.2 per unit, rising by 82% against the previous year. In general, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 83% against the previous year. As a result, import price reached the peak level of $0.9 per unit. From 2015 to 2022, the average 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 South Korea ($17 per unit) and Indonesia ($17 per unit), while the price for Singapore ($17 per unit) and Taiwan (Chinese) ($17 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Balls Price in India (FOB) - 2022

The average golf balls export price stood at $0.9 per unit in 2022, declining by -59.2% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 168%. Over the period under review, the average export prices hit record highs at $3.2 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($18 per unit) and the UK ($18 per unit), while the average price for exports to Australia ($18 per unit) and New Zealand ($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 the UK (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Balls Imports in India

In 2022, the amount of golf ballses imported into India dropped significantly to 9.4M units, which is down by -33.5% compared with 2021. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked at 15M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, golf balls imports soared to $1.8M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked at $1.8M in 2019; afterwards, it flattened through to 2022.

Import of Golf Balls in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	129	86.4	173	575	64.6%
Singapore	358	158	288	472	9.7%
China	960	572	662	375	-26.9%
South Korea	49.1	16.2	56.1	99.0	26.3%
Indonesia	73.5	64.5	114	91.1	7.4%
Malaysia	49.6	11.2	13.5	57.3	4.9%
United States	146	127	98.5	55.7	-27.5%
Others	44.2	38.9	87.9	82.1	22.9%
Total	1,810	1,075	1,493	1,807	-0.1%

Top Suppliers of Golf Balls to India in 2022:

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Singapore (undefinedM units)
Indonesia (undefinedM units)
United States (undefinedM units)
Malaysia (undefinedM units)
China (undefinedM units)
South Korea (undefinedM units)

Golf Balls Exports in India

Golf balls exports from India shrank rapidly to 289K units in 2022, with a decrease of -48.5% against the previous year's figure. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 251% against the previous year. As a result, the exports reached the peak of 561K units, and then dropped rapidly in the following year.

In value terms, golf balls exports shrank dramatically to $263K in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 840% against the previous year. As a result, the exports reached the peak of $1.3M, and then plummeted in the following year.

Export of Golf Balls in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	42.0	17.1	1,124	168	58.7%
Saudi Arabia	N/A	0.3	51.2	34.1	966.1%
Switzerland	5.2	N/A	N/A	16.8	47.8%
United Arab Emirates	N/A	N/A	1.4	16.0	1042.9%
Bangladesh	N/A	0.2	0.3	5.2	409.9%
Qatar	0.1	0.7	N/A	4.5	255.7%
Kenya	32.1	2.0	N/A	N/A	-93.8%
Others	63.7	113	76.8	18.8	-33.4%
Total	143	133	1,254	263	22.5%